Asian Development Outlook 2021

  • Asian Development Bank (ADB) has released Asian Development Outlook report for 2021.

Key Highlights

India Specific

  • The Indian economy is projected to grow at 11% in the current financial year (which ends on March 31, 2022) amid the “strong” vaccine drive.
  • However, the recent surge in COVID cases may put the country’s economic recovery at “risk”.
  • India was one of the 45 economies across Asia and the Pacific that were assessed by the report.
  • Increased government expenditure on health care, water, and sanitation will strengthen the country’s resilience against future pandemics.
  • Private investment is expected to pick up on improving sentiment and risk ....
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