The Asian Development Bank (ADB) has revised India’s GDP growth forecast:
The Asian Development Bank (ADB) has downgraded India’s GDP growth forecast for FY25 to 6.5% from 7% and for FY26 to 7% from 7.2%, citing weaker-than-expected industrial output, subdued public capital spending, and tight monetary policies.The slowdown in Q2FY25, where GDP growth fell to 5.4% compared to 6.7% in the previous quarter, has impacted these projections. The Reserve Bank of India (RBI) also revised its growth forecast for FY25 to 6.6%.
