ADB projects 6% growth for India

  • 28/04/2003

  • Indian Express (New Delhi)

The Asian Development Bank (ADB) has projected 6 per cent Gross Domestic Product (GDP) growth rate for India for 2003 despite Iraq war and fallout of SARS. India will be outpacing the growth of many of the other countries in the Asian region, barring China, which is expected to grow by 7.3 per cent, said ADB's Asian Development Outlook 2003. "Assuming normal monsoon conditions, the Indian economy is projected to grow by six per cent in 2003 with agriculture and services growing at average rates,' said ADB assistant Chief economist Jean-Pierre A Verbiest while releasing the ADB Outlook.