ADB Forecasts India's GDP Growth

15 Apr 2024 CW Team

India's economic trajectory has been marked by significant developments and policy reforms aimed at enhancing productivity and fostering sustainable growth. The country's diverse economy, encompassing sectors such as manufacturing, services, and agriculture, has demonstrated resilience in the face of challenges.

The ADB's upward revision in India's GDP growth forecast is indicative of several factors driving the economy. Key among these are the government's continued focus on infrastructure development, digital transformation initiatives, and efforts to attract foreign investment. Additionally, India's demographic dividend, with a youthful and dynamic workforce, contributes to its economic vibrancy.

The growth forecast by the ADB reinforces India's strategic importance in the Asia-Pacific region, both as a market and an investment destination. As one of the world's fastest-growing major economies, India presents immense opportunities for businesses seeking expansion and investors looking for high returns.

Furthermore, the forecast highlights the resilience of India's economic fundamentals, even amidst global challenges such as the COVID-19 pandemic and geopolitical uncertainties. The ADB's confidence in India's growth prospects bodes well for the country's efforts to achieve its long-term development goals and enhance its position on the global stage.

In conclusion, the ADB's revised GDP growth forecast of 7% for India in the fiscal year 2024-25 underscores the country's resilience and potential to drive economic expansion in the Asia-Pacific region. With a focus on infrastructure development, digital transformation, and attracting foreign investment, India remains a major growth engine amidst global economic uncertainties.

The Asian Development Bank (ADB) has revised its GDP growth forecast for India in the fiscal year 2024-25, projecting a robust growth rate of 7%. This upward revision reflects India's resilience and potential to drive economic expansion in the Asia-Pacific region. The ADB's optimistic outlook underscores India's position as a major growth engine amidst global economic uncertainties. India's economic trajectory has been marked by significant developments and policy reforms aimed at enhancing productivity and fostering sustainable growth. The country's diverse economy, encompassing sectors such as manufacturing, services, and agriculture, has demonstrated resilience in the face of challenges. The ADB's upward revision in India's GDP growth forecast is indicative of several factors driving the economy. Key among these are the government's continued focus on infrastructure development, digital transformation initiatives, and efforts to attract foreign investment. Additionally, India's demographic dividend, with a youthful and dynamic workforce, contributes to its economic vibrancy. The growth forecast by the ADB reinforces India's strategic importance in the Asia-Pacific region, both as a market and an investment destination. As one of the world's fastest-growing major economies, India presents immense opportunities for businesses seeking expansion and investors looking for high returns. Furthermore, the forecast highlights the resilience of India's economic fundamentals, even amidst global challenges such as the COVID-19 pandemic and geopolitical uncertainties. The ADB's confidence in India's growth prospects bodes well for the country's efforts to achieve its long-term development goals and enhance its position on the global stage. In conclusion, the ADB's revised GDP growth forecast of 7% for India in the fiscal year 2024-25 underscores the country's resilience and potential to drive economic expansion in the Asia-Pacific region. With a focus on infrastructure development, digital transformation, and attracting foreign investment, India remains a major growth engine amidst global economic uncertainties.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..