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India's stellar economic performance set to slow this year: ADB report

Institution cuts earlier projection that Indian GDP would grow by 7.4% this year to just 7%

An Indian protestor holding placards of banned rupee notes during a protest in Mumbai. The decision affecting banknotes, the ADB says, "will likely affect largely cash-based sectors in the country including small- and medium-scale businesses".


FOR several years, India has been a star performer among Asian economies, with annual output rising continually above the 7 per cent level while China's growth has eased and other economies slowed. But India's short-term prospects have dimmed, according to the Asian Development Bank...

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