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News headline : ADB retains FY25 growth forecast for India at 7% India's Economic Outlook: Key Takeaways Positive Outlook: ADB maintains its forecast for India's economic growth at 7% in FY24 and 7.2% in FY25. Resilience: India's economy has shown resilience in the face of global challenges. Agricultural Growth: Above-average monsoon is expected to boost rural economy. Industry and Services: Positive outlook for these sectors, private investment, and urban consumption. Government Policies: New employment-linked incentives and fiscal consolidation efforts are expected to support job creation and reduce government debt. Inflation: Consumer inflation is anticipated to rise to 4.7% in FY25 due to elevated food prices. Monetary Policy: Central bank's monetary policy is constrained by inflation. Current Account Deficit: Deficit is projected to decrease due to better exports, lower imports, and strong remittance inflows. Risks: Geopolitical shocks and weather-related risks could impact growth. Opportunities: Higher foreign direct investment could support growth and investment, particularly in manufacturing. under the guidance of Rishabh Kale

The World Bank has revised India's GDP growth forecast for 2024-25 by 20 basis points to 6.6%, indicating it will remain the fastest-growing of the world's largest economies. The revision is attributed to strong public investment, private capex, and rise in private consumption. India's industrial activity and domestic demand growth remain robust. CFBR

𝐆𝐨𝐨𝐝 𝐧𝐞𝐰𝐬 𝐟𝐨𝐫 𝐈𝐧𝐝𝐢𝐚 : The Asian Development Bank (ADB) on Thursday that is on 11.04.2024 raised India's GDP growth forecast for the current fiscal year to 7 per cent, from 6.7 per cent earlier, saying the robust growth will be driven by public and private sector investment and improvement in consumer demand. ADB said that there could be an upside due to more than expected FDI inflow particularly in manufacturing sector, where many foreign companies are lined up for projects.  "Notwithstanding global headwinds, India remains the fastest growing major economy on the strength of its strong domestic demand and supportive policies," ADB Country Director told. Earlier, The World Bank has also projected that Indian Economy to grow at the rate of 7.5% in 2024.

#Update The Asian Development Bank (ADB) has forecast India's economy to grow by 7% in FY 2024-25. Strong industrial and services sectors, increasing private investment, and urban consumption are driving this growth. The government's focus on employment-linked incentives is expected to boost job creation and domestic consumption. The central government's debt is expected to decrease, and the general government deficit is predicted to fall below 8% of GDP. India's current account deficit is expected to reduce due to stronger exports, lower imports, and increased remittances. However, inflation pressures and geopolitical risks remain concerns. Read the story: https://ow.ly/PLaK50Tw7Lc #AsianDevelopmentBank #IndiaEconomy #PrivateInvestment #JobCreation #DomesticConsumption #Exports #InflationPressures #GeopoliticalRisks #EconomicForecast #GDPGrowth

Earlier this month, the World Bank and International Monetary Fund (IMF) increased their growth forecasts for the Indian economy to 7% in 2024 from 6.6% previously. At a time when growth concerns are prevalent across many global economies, there is a strong consensus that India will continue to see further growth in the years to come: https://bit.ly/4dp2Lnf

The Asian Development Bank (ADB) forecast a 7% GDP growth for India in 2024-25, down from 7.6% in 2023-24. In 2025-26, it forecast a growth rate of 7.2%. For South Asia, the Bank forecast the GDP growth rate to be 6.3% this year and 6.6% the next. That made India the fastest-growing country in the sub-region.

Key highlights of the report 👇 🎯The World Bank has raised India's 🇮🇳 growth🪴 forecast to 7% for FY from 6.6%. 🎯The IMF(International Monetary Fund)& ADB(Asian Development Bank) have also revised their growth 📈 forecast for india upwards.ADB expects, india to grow at 7.2% in FY'25. 🎯The upward revision in the forecast is supported by expected strong agricultural output & employment boosting policies. 🎯Strong agricultural output & employment generation could boost private consumption growth. #worldbank #imf #asiandevelopmentbank #gdpindia #gdpforecast #consumption #employment #rbi #inflation #economy #indianeconomy

Very pleased to learn the International Monetary Fund raised India's growth forecast to 7% from the earlier 6.8% due to improving private consumption, particularly in rural India, whilst the IMF left unchanged its estimate for a 6.5% growth in Asia's third largest economy's #gdp in the 2025-26 financial year. #indiainc #growth #progress #economy #economicactivity

Key highlights of the report 👇 🎯The World Bank has raised India's 🇮🇳 growth🪴 forecast to 7% for FY from 6.6%. 🎯The IMF(International Monetary Fund)& ADB(Asian Development Bank) have also revised their growth 📈 forecast for india upwards.ADB expects, india to grow at 7.2% in FY'25. 🎯The upward revision in the forecast is supported by expected strong agricultural output & employment boosting policies. 🎯Strong agricultural output & employment generation could boost private consumption growth. #worldbank #imf #asiandevelopmentbank #gdpindia #gdpforecast #consumption #employment #rbi #inflation #economy #indianeconomy

The World Bank has revised its economic growth forecast for India for the fiscal year 2024-25, increasing it by 20 basis points to 6.6%. This adjustment is primarily attributed to an upward revision in investment growth. According to the latest bi-annual South Asia Development Update released by the World Bank, India's growth rate for fiscal year 2023-24 is projected at 7.5%, slightly below the 7.6% estimate by the National Statistical Office.