India’s GDP set for a 7% growth in FY25 and 7.2% in FY26: ADB
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The ADB projects a favourable outlook for the industrial and services sectors, along with private investment and urban consumption in FY2024-25 and FY2025-26
The central government debt is anticipated to decrease from 58.2% of GDP in FY2023-24 to 56.8% in FY2024-25. Credits: Getty Images
An increase in foreign direct investment could counter these risks by driving growth and boosting investment, particularly in the manufacturing sector. Additionally, enhancements in agricultural supply may lead to lower food prices, potentially reducing consumer inflation below anticipated levels.
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