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ADB raises India's growth forecast to 6.7% for FY24
The Asian Development Bank has revised India's growth forecast for the current financial year to 6.7%, citing stronger-than-expected second-quarter performance. The RBI also revised its growth estimate last week, raising it to 7% from the earlier projection of 6.5% for FY24. This alignment in growth projections by two influential financial institutions underscores a positive outlook for India's economic trajectory. Looking ahead to the next financial year, FY25, the ADB maintains its growth forecast for India at 6.7%.
The Asian Development Bank has revised India's growth forecast for the current financial year to 6.7%, citing stronger-than-expected second-quarter performance. The RBI also revised its growth estimate last week, raising it to 7% from the earlier projection of 6.5% for FY24. This alignment in growth projections by two influential financial institutions underscores a positive outlook for India's economic trajectory. Looking ahead to the next financial year, FY25, the ADB maintains its growth forecast for India at 6.7%. 
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