Asian Development Bank retains India’s growth forecast at 7% for FY25

Daily Current Affairs / Asian Development Bank retains India’s growth forecast at 7% for FY25

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Category : Business and economics Published on: July 22 2024

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The Asian Development Bank (ADB) has maintained India's GDP growth forecast at 7% for FY25.
The ADB's forecast aligns with the International Monetary Fund's (IMF) revised projection of 7% GDP growth for India, up from the earlier 6.8%.
The Reserve Bank of India (RBI) had previously revised its GDP growth estimate for India to 7.2%.