ADB trims Asia growth forecast; India on track

NEW DELHI: The Asian Development Bank (ADB) on Monday marginally cut economic growth projection for Asia and Pacific region for 2016, though India is likely to meet

NEW DELHI: The Asian Development Bank (ADB) on Monday marginally cut economic growth projection for Asia and Pacific region for 2016, though India is likely to meet 7.4% and 7.8% growth forecast for this and the following year. The agency said it has cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6% from the earlier forecast of 5.7%.

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