India's economy to grow at 7.5% in financial year 2022-23 on strong investment, to rise to 8% next fiscal: Asian Development Bank
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India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5% for 2022-23 on strong investment prospects against 5% for China in January-December 2022. The Asian Development Bank Outlook 2022 said that India's growth in the next fiscal year 2023-24 will accelerate further to 8%, though China will witness a deceleration in growth to 4.8% in 2023.