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%.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Rq1zw7T