ADB raises India's FY24 growth forecast to 6.7%
In its latest report on outlook for developing Asia, the multilateral lender, retained its India growth forecast for FY25 at 6.7%. Recognising accelerated growth momentum, the RBI this month raised its FY24 growth projection for India to 7% from 6.5%, while Nomura increased it to 6.7% from 5.9%, Citigroup to 6.7% from 6.2% and DBS to 6.8% from 6.4%. India recorded a 7.7% expansion in the first half of this fiscal.
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