ADB lowers GDP growth projection to 6.5% from 7% NEW DELHI: The Asian Development Bank (ADB) on Wednesday lowered India’s growth forecast for 2024-25 to 6.5% from the earlier 7%, citing lower-than-expected second quarter growth, driven by dampened manufacturing performance and lagging govt spending.The Manila-based multilateral agency also lowered growth projections for 2025-26 to 7%…
NEW DELHI: SBI in its latest report has projected India’s GDP growth at 6.3 per cent for FY25, which is below RBI’s 6.6 per cent forecast. The first two quarters of FY25 show an average growth of 6.05 per cent.“We believe that GDP growth for FY25 will be lower than the RBI’s estimate and we…
NEW DELHI: Government is sticking to its estimate of the economy expanding by 6.5-7% during the current fiscal year, in line with the projections made in the Economic Survey, and does not see significant downside risks to growth.“We started the year with estimates in the economic survey of 6.5-7%. I don’t see any significant downside…
