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- ADB retained India’s FY25 GDP growth forecast to 7%.
- The Asian Development Bank (ADB), in its Asia Development Outlook, forecasted that India will grow by 7% with an inflation of 4.6% in 2025.
- India will remain the fastest-growing economy in this region.
- The ADB has predicted that India’s GDP will grow by 7.2% in 2025–26, with an average inflation rate of 4.5%.
- ADB has slightly raised its growth forecast for Asia and the Pacific for 2024 to 5 per cent from a previous projection of 4.9 per cent.
- India’s industrial sector is projected to grow robustly, driven by manufacturing and strong demand in construction.
- The latest forecast indicates a one-month delay in the La Nina climate pattern could impact the agriculture sector in India.
- Investment demand will remain strong, which will be led by public investment.
- In Asia and the Pacific region, inflation is forecast to slow down to 2.9 per cent this year.
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