ADB upgrades India's GDP growth forecast to 7% for FY25
India's GDP growth is forecast to slow to 7% in FY25 but improve to 7.2% in FY26.
India's GDP growth is forecast to slow to 7% in FY25 but improve to 7.2% in FY26.
Faster-than-expected expansion in July-September, driven by double-digit growth in industry to aid growth.
Women borrowers will receive 40% of the funds, with the remaining will go to farmers, MSMEs, and loans for the purchase of new two-wheeled vehicles
Sitharaman raised the issue during a bilateral meeting with ADB President Masatsugu Asatkawa.
India's GDP estimates for FY24 also slashed to 7.2% from 8.0%; ADB says inflation will remain elevated in this, next fiscal year
India's net exports will shrink due to subdued global demand and a rising real effective exchange rate; manufacturing firms will bear the brunt of higher input costs, says ADB report