Question
According to the estimates provided by the Asian
Development Bank , what will be the growth of the Indian economy for FY 24?Solution
India’s economy would grow 6.7 per cent in Financial Year 2023-24 (FY24) according to the estimates made by ADB raising the estimate from 6.3 per cent it made in September.The lender revised its estimate based on India’s higher-than-expected gross domestic product (GDP) growth, of 7.6 per cent, in the second quarter of FY24. ADB’s growth forecast for FY25 is unchanged at 6.7 per cent.
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