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Reading: The Asian Development Bank has increased its projection for India’s GDP growth in the fiscal year 2025 to 7%
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BusinessIndia

The Asian Development Bank has increased its projection for India’s GDP growth in the fiscal year 2025 to 7%

Team Happen Recently
Last updated: 2024/04/11 at 1:01 PM
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The Asian Development Bank (ADB) has increased its prediction for India’s GDP growth in the current fiscal year to 7%, up from 6.7%. This growth is expected to be fueled by both public and private sector investments, as well as a gradual improvement in consumer demand. 

However, the forecasted growth rate for the 2024-25 fiscal year is slightly lower at 7%, compared to the 7.6% projected for 2022-23. 

The ADB noted that robust investment was the main driver of GDP growth in 2022-23, as consumer spending remained subdued. In December last year, the ADB had forecasted that the Indian economy would expand by 6.7% in the 2024-25 fiscal year.

For more information visit at https://happenrecently.com/zepto/?amp=1

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