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

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Category : Business and economics Published on: April 12 2024

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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.