The Asian Development Bank (ADB) has increased India’s GDP growth projection for the current fiscal year to 7% from the earlier 6.7%. This growth is attributed to robust investment, both public and private, along with an improvement in consumer demand. The forecast aligns with the Reserve Bank of India’s projections. Despite a lower growth estimate compared to the previous fiscal year, strong investment remains a driving force behind the economy’s expansion, with growth expected to reach 7.2% in FY2025. The ADB emphasizes the importance of greater integration into global value chains to boost exports in the medium term.
ADB Raises India’s GDP Growth Forecast for FY25 to 7% on Strong Investment, Consumer Demand
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