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.
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.
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