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Asian Development Bank Cuts India Growth Forecast To 5.1% For Fiscal Year 2019
11 Dec 2019, 10:45 AM IST 
The ADB mentioned liquidity strains on India's non-banking finance companies and slow job growth
The Asian Development Bank (ADB) said on Wednesday it has lowered its growth forecasts for developing Asia this year and the next, as a weaker outlook for China and India indicated softer economic activity elsewhere in the region. The Manila-based lender also lowered its forecast for India - South Asia's largest economy - for fiscal years 2019 and 2020 to 5.1 per cent and 6.5 per cent, from its September estimates of 6.5 per cent and...
