Asian Development Bank has cut India’s economic growth forecast to 6.5 per cent for FY25 from 7 per cent earlier due to lower-than-expected growth in private investment and housing demand.
It also cut India’s growth forecast for FY26 from 7.2 per cent earlier to 7 per cent.
APAC economies are projected to grow at 4.9 per cent this year, slightly below ADB’s September forecast of 5 per cent.
It also cut India’s growth forecast for FY26 from 7.2 per cent earlier to 7 per cent.
APAC economies are projected to grow at 4.9 per cent this year, slightly below ADB’s September forecast of 5 per cent.
