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Asian Development Bank's Outlook on India's Economic Growth in 2024 and 2025

Asian Development Bank's Outlook on India's Economic Growth in 2024 and 2025
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Asian Development Bank's Outlook on India's Economic Growth in 2024 and 2025

Key AspectDetails
India's GDP GrowthFY2024: 7%; FY2025: 7.2%
Growth Drivers (FY2024)Agricultural improvements, industrial and services sectors, rural spending
Growth Drivers (FY2025)Private investments, urban consumption, employment-linked incentives
Debt ReductionCentral govt. debt: 58.2% (FY2023) → 56.8% (FY2024); Deficit <8% of GDP
Inflation OutlookExpected to rise to 4.7%, driven by food prices; agricultural output may ease pressure
Current Account DeficitFY2024: 1% of GDP; FY2025: 1.2% of GDP
External RisksSupply chain disruptions, commodity price volatility, weather-related agricultural challenges
Risk MitigationIncreased FDI, agricultural supply improvements
ADB OverviewEstablished: 1966; Headquarters: Manila, Philippines
ADB Membership68 members (49 from Asia-Pacific)
Primary ObjectivePromote social and economic development in Asia and the Pacific
Key FunctionsLoans, technical assistance, grants, equity investments
Focus SectorsInfrastructure, energy, education, agriculture, health, environment, finance
Major BorrowersIndia, China, Indonesia, Philippines, Vietnam
LeadershipPresident: Masatsugu Asakawa
Key ReportsAsian Development Outlook, sector-specific publications
Funding SourcesMember contributions, bond issuance, co-financing

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