ADB revises India's 2024-25 retail inflation forecast to 4.7% due to high food prices.

The Asian Development Bank (ADB) has revised India's average retail inflation forecast for 2024-25 to 4.7% due to high food prices, while maintaining GDP growth estimates at 7% for 2024 and 7.2% for 2025-26. Growth is expected to accelerate with improved agricultural output and government spending. Exports are projected to rise, particularly in services, although merchandise growth may be subdued. The central bank may lower interest rates if food prices stabilize.

September 25, 2024
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