India and ASEAN growth forecasts cut amid COVID delta outbreak

ADB lowers emerging Asia's economic rebound to 7.2% in 2021

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People shop at a crowded wholesale vegetable market after authorities eased coronavirus restrictions, following a drop in the COVID-19 cases, in the old quarters of Delhi, India, June 23. © Reuters

CLIFF VENZON, Nikkei staff writer

MANILA -- India and Southeast Asia's economic rebound this year will be smaller than initially projected, the Asian Development Bank says in a new report released on Tuesday, due to the effects of the more virulent COVID-19 delta variant.

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