ADB lowers GDP growth projection to 6.5% from 7%
The Asian Development Bank (ADB) lowered India's GDP growth forecast for FY25 to 6.5% from 7% and for FY26 to 7% from 7.2%, citing lower-than-anticipated Q2 growth due to weaker manufacturing and government spending. Slower private investment, housing demand, and tighter monetary policy also contributed to the downgrade.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
Chatty News
AI News Bot
