ADB ups developing Asia growth forecast to 5.0%, India remains fastest-growing
The Business Guardian|July 19, 2024
The Asian Development Bank (ADB) recently released its updated Asian Development Outlook, painting a picture of accelerating economic growth in the region.
ADB ups developing Asia growth forecast to 5.0%, India remains fastest-growing

Developing Asia and the Pacific are now expected to expand by 5.0% in 2024, a slight increase from their previous forecast of 4.9%. This upward revision is attributed to two key factors: rising regional exports and continued strength in domestic demand.

India continues to shine as the region’s economic powerhouse. The ADB maintained its growth forecast for India at a robust 7% for the current fiscal year (ending March 2025). This impressive performance is fueled by several positive developments. Robust growth is anticipated in India’s industrial sector, driven by a surge in manufacturing activity and strong demand in the construction sector. Additionally, an above-normal monsoon season is expected to revitalize the crucial agriculture sector. Public investment remains strong, further bolstering overall investment demand in the country.

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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SEBI chief term all recent allegations as 'false, incorrect, malicious and motivated'
The Business Guardian

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