Global headwinds will pull down India's growth rate to 7.4 percent in the next fiscal from 7.6 percent this year but more reforms will help the country remain one of the fastest growing economies in the world, the Asian Development Bank said today. The Asian Development Bank's (ADB) growth forecast of 7.4 percent for 2016-17 is substantially lower than its earlier projection of 7.8 percent. ADB's flagship publication Asian Development Outlook (ADO) also projected rise in consumer inflation, mainly on account of the impact of salary hike of government employees and a likely mild pick up in global oil prices.
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