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Business
ADB raises India's FY2024-25 growth outlook to 7%
✍️ MillenniumPost
🗓 25 Sep 2026, 04:34 AM
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The Asian Development Bank upgraded its projection for India's economy, forecasting a 7% expansion in the current fiscal year.
The Asian Development Bank (ADB) has revised its outlook for India, projecting a 7% growth rate for the current fiscal year. This upward revision reflects the bank's assessment of recent economic momentum and policy support.
Earlier estimates had placed India's growth below this level, but ADB now expects the economy to expand at a faster pace, driven by strong domestic consumption and continued investment in infrastructure.
Analysts say the higher forecast could boost investor confidence and reinforce expectations of robust performance in sectors such as manufacturing, services, and exports. The revised outlook also aligns with the government's growth targets for the year.
While the projection is optimistic, ADB cautions that sustaining the pace will depend on factors like global demand, commodity prices, and the effectiveness of fiscal and monetary measures.
Earlier estimates had placed India's growth below this level, but ADB now expects the economy to expand at a faster pace, driven by strong domestic consumption and continued investment in infrastructure.
Analysts say the higher forecast could boost investor confidence and reinforce expectations of robust performance in sectors such as manufacturing, services, and exports. The revised outlook also aligns with the government's growth targets for the year.
While the projection is optimistic, ADB cautions that sustaining the pace will depend on factors like global demand, commodity prices, and the effectiveness of fiscal and monetary measures.