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
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.
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