The Asian Development Bank has lowered India’s FY20 growth estimate to 7 per cent from 7.2 per cent on the back, it says, of fiscal concerns. This is the second time it has revised its forecast, having lowered it to 7.2 per cent from 7.6 per cent in April, and it is a striking commentary on the government’s economic management just days after the Budget explored every option to raise revenues -- from taxing the super-rich and foreign portfolio investors, attempting to requisition the market regulator and banking regulator’s reserves, to announcing its intention to borrow overseas, and announcing an