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

22 Sep 2025

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Infrastructure Transport

22 Sep 2025

Imphal to Gain Rail Connectivity with Jiribam Line Soon

Indian Railways is advancing rapidly on the Jiribam–Imphal railway line, a landmark project set to bring train connectivity to Imphal, the capital of Manipur. The 110.625 km line falls under the administrative control of the Northeast Frontier Railway (NFR) zone.Following the recent completion of the Bairabi–Sairang rail project, which enabled services from Aizawl (Sairang), Imphal will soon join the national rail network. During his visit to Manipur on 13 September 2025, Prime Minister Narendra Modi affirmed that the government is investing Rs 22 billion in the project.Currently, a 55.36 ..

Infrastructure Transport

22 Sep 2025

Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..