ADB raises India's GDP growth forecast to 7% for FY25

ADB raises India's GDP growth forecast to 7% for FY25

Daily Current Affairs   /   ADB raises India's GDP growth forecast to 7% for FY25

Change Language English Hindi

Category : Business and economics Published on: April 12 2024

Share on facebook
  • The Asian Development Bank (ADB) has revised India's GDP growth forecast for FY25 upwards to 7% from the previous estimate of 6.7%, citing robust investment in both public and private sectors.
  • ADB predicts sustained economic momentum in India, projecting a further growth acceleration to 7.2% for the FY25-26 period, fueled by continued investment and improving consumer demand, albeit slightly lower than the 7.6% expansion witnessed in the previous fiscal year.
Recent Post's
  • Monsoon Session adjourned sine die after 21 sittings and 15 Bills passed.

    Read More....
  • Govt extends Fortified Rice Scheme till 2028 with ₹17,082 crore funding.

    Read More....
  • UIDAI launches Aadhaar authentication framework for Cooperative Banks nationwide.

    Read More....
  • Supreme Court bans public feeding of stray dogs; Delhi civic body to set feeding zones.

    Read More....
  • PM Modi inaugurates ₹13,000 crore projects in Gaya, including ₹1,870 crore Ganga bridge.

    Read More....
  • Cyberattack on DaVita compromises data of 2.7 million patients, costing $13.5 mn.

    Read More....
  • Meta signs $10 bn, six-year deal with Google Cloud to boost AI development.

    Read More....
  • India bans all bilateral sports events with Pakistan across disciplines.

    Read More....
  • HDFC Bank invests in BharatGPT developer CoRover to promote sovereign AI.

    Read More....
  • New moth species Carcina ingridmariae identified after decades of confusion.

    Read More....