<h1>ADB Predicts 7.4% Growth in 2016-17 Due to Fiscal Limits, Projects 7.8% Growth in 2017-18 with Reforms.</h1> The Asian Development Bank (ADB) has projected a growth rate of 7.4% for 2016-17, down from 7.6% in 2015-16. The reduction is attributed to limited public investment due to fiscal consolidation and increased public sector wage bills. External factors such as weak growth in major economies, lower export prices, and unfavorable currency conditions are expected to impact exports and services. Additionally, public sector banks' weak balance sheets may hinder lending. Growth is anticipated to rise to 7.8% in 2017-18, driven by strengthened bank capital, private investment, and improved bank credit.