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ADB cuts India’s GDP growth forecast to 7% from earlier 7.2

New Delhi [India], September 21 (ANI) The Asian Development Bank (ADB) lowered India’s GDP growth projection for the year 2022-23 to 7 per cent from the earlier 7.2 per cent based on higher-than-expected inflation and monetary tightening.
Amid rising challenges which include increased monetary tightening by central banks, fallout from Russian invasion of Ukraine and recurring Covid-19 lockdowns in China, ADB had lowered i