ADB lowers India's GDP growth forecast to 6.5 pc for FY25

Economy Business

The Asian Development Bank (ADB) has revised India's GDP growth projection for the current fiscal year down to 6.5% from the earlier estimate of 7%. This adjustment is attributed to lower-than-expected industrial growth and sluggish government spending. Additionally, ADB has also lowered its growth forecast for the fiscal year 2025-26 to 7% from the previous projection of 7.2%, citing a subpar increase in private investment and the impact of tight monetary policy on housing demand.


      - The revision for 2025-26 is due to subpar private investment and the impact of tight monetary policy on housing demand.

      - Current Fiscal Year GDP Growth Projection: Revised to 6.5% from 7%

     

Main Point :   (i) The Asian Development Bank (ADB) reduced India's GDP growth projection for this fiscal year to 6.5% from 7%.

      (ii) ADB also lowered its growth forecast for 2025-26 to 7% from 7.2%.


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