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India's economy continues on robust growth path: ADB

India's economy continues on a robust growth path, the Asia Development Bank (ADB) has said in an of its flagship annual economic publication, the Asian Development Outlook (ADO) 2018.
       
  Indian growth forecast remained unchanged at 7.3 per cent for 2018, and 7.6 per cent for 2019, as the temporary effects of demonetisation and introduction of Goods and Services Tax abate as expected. 
       
 However, rupee depreciation, volatile external financial markets and accelerating inflation pose challenges, the multilateral lending agency added. It further said that the impact of rising oil prices is offset by robust domestic demand and rising exports, particularly of manufactures.
     
  The ADB report also said that although growth remains stable across developing Asia due to robust domestic demand, buoyant oil and gas prices, and a consolidation of India's growth, escalating trade tensions will test the region's resilience

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