‘Developing Asia to record healthy growth rates’ Our Bureau New Delhi, Nov. 16 Asian Development Bank (ADB) does not expect a full-blown financial crisis in India even as it forecasts a lower economic growth of between 6-7 per cent for 2009, lower than the 7.8 per cent expected this year. “We don’t expect a financial crisis (in India) because of the fundamentals. The economic side has not worsened. Developing Asia will slow down but continue to record healthy growth rates,” Mr Rajat M. Nag, Managing Director-General, ADB, said at the India Economic Summit 2008 here on Sunday. He highlighted that...