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

flag 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. flag Growth is expected to accelerate with improved agricultural output and government spending. flag Exports are projected to rise, particularly in services, although merchandise growth may be subdued. flag The central bank may lower interest rates if food prices stabilize.

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