15 APR,2024 | MEDC
The Asian Development Bank (ADB) upgraded India’s GDP growth forecast this week from 6.7% earlier to 7% for FY24. But it added that unanticipated exogenous shocks like supply chain disruptions to crude oil markets and weather fluctuations impacting agricultural output continue to remain key risks to India’s economic outlook. It said that the triggers for FY25 growth will emanate from higher capex on infrastructure development both by the central and the state governments, rise in private corporate investments, strong service sector performance, and improved consumer confidence. The ADB’s projection is in line with the estimate of the RBI of 7% growth in FY25. It is clear that despite all the ambiguity on the global front, India’s growth story remains intact.
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra