ADB also revised its projection for FY24 from 6.7% to 7.6%, the same as estimated by the National Statistical Office.
Last week, the World Bank revised its GDP projection for India upwards by 20 basis points to 6.6% for FY25.
The World Bank has, however, pegged India's FY24 growth rate at 7.5%.
While India is expected to remain a major growth engine in Asia and the Pacific, China's growth is forecast to slow to 4.8% in 2024 and 4.5% in 2025, from 5.2% last year, ADB said in its Asian Development Outlook (ADO), April 2024.
Bu hikaye Financial Express Mumbai dergisinin April 12, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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