The Asian Development Bank (ADB) kept its projection on India’s gross domestic product (GDP) growth for the current financial year unchanged at 7 per cent, but slightly raised its growth forecast for developing Asia and the Pacific for 2024 to 5 per cent from a previous projection of 4.9 per cent announced in April.

• India will maintain its position as the fastest growing economy in the region. For the financial year 2025-26, ADB has pegged India’s GDP growth at 7.2 per cent.
• The economic growth projection for the current financial year as well as 2025-26 by ADB in the July report is the same as estimated in the April edition of Asian Development Outlook report.