Question
What is the projected GDP growth rate for India in FY25
as per the Asian Development Bank (ADB)'s July report?Solution
The Asian Development Bank (ADB) in its July report projected India's GDP growth rate for FY25 to be 7%. Additionally, the report also provided projections for FY26, maintaining GDP growth at 7.2% with inflation at 4.5%. In comparison, the GDP growth forecast for China remained at 4.5% for 2024, with inflation being revised down from 1.1% to 0.5%. These projections are part of ADB's ongoing analysis of economic trends in the Asia-Pacific region.
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