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.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..