ADB Upgrades India's Growth Forecast to 7%

12 Apr 2024 CW Team

The Asian Development Bank (ADB) has revised India's growth forecast for fiscal year 2025 to 7%. Additionally, for fiscal year 2026, the growth projection stands at 7.2%. This upward revision reflects the bank's optimism about India's economic recovery and growth trajectory in the coming years.

The ADB's upgraded growth forecast underscores confidence in India's ability to rebound from the economic challenges posed by the COVID-19 pandemic. The revised projections signal positive momentum and resilience in India's economy, driven by factors such as robust domestic demand, policy support measures, and ongoing structural reforms.

The higher growth forecasts for FY25 and FY26 suggest that India is on track to regain its growth momentum and emerge as one of the fastest-growing major economies in the world. The ADB's outlook bodes well for India's efforts to accelerate economic recovery and achieve sustainable growth in the post-pandemic era.

The upward revision in growth forecasts by the ADB reflects a positive assessment of India's economic prospects and policy direction. It underscores the effectiveness of the government's initiatives aimed at reviving growth, promoting investment, and fostering inclusive development.

As India navigates the path to recovery, the ADB's upgraded growth forecasts provide a boost to investor confidence and reinforce optimism about the country's economic resilience. The revised projections underscore the importance of continued policy support and structural reforms to sustain the momentum of India's economic recovery and achieve long-term growth objectives.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..