The Asian Development Bank (ADB) increased its GDP growth projection for India for FY25 to 7%, up from its previous estimate of 6.7%.
Banking & Finance
The Asian Development Bank (ADB) increased its GDP growth projection for India for FY25 to 7%, up from its previous estimate of 6.7%. The 2024-25 growth estimate is, however, lower than 7.6 percent projected for the 2022-23 fiscal. The ADB had in December 2023 projected the Indian economy to expand 6.7 percent in the 2024-25 fiscal. Growth will be robust despite moderating in FY2024 and FY2025. For the 2025-26 fiscal, the ADB has projected India's growth at 7.2 percent. On balance, growth is forecast to slow to seven per cent in FY2024 but improve to 7.2 percent in FY2025. The ADB's growth forecast for FY25 is in line with the projections made by the Reserve Bank of India (RBI).
Asian Development Bank (ADB)
Founded- 19 December 1966
HQ- Mandaluyong, Philippines
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