The Asian Development Bank (ADB) has raised India’s GDP growth forecast for the current fiscal year (FY25) to 7% from the previous estimate of 6.7%. This growth will be driven by robust investment in public and private sectors, as well as an improvement in consumer demand. For the 2025-26 fiscal, ADB has projected India’s growth at 7.2%. The growth estimates for the current fiscal are lower than the 7.6% estimated GDP expansion in 2022-23 fiscal, where strong investment was the primary driver.
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