ADB Lowers India's GDP Growth Forecast to 6.5% Amid Economic Concerns

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ADB Lowers India's GDP Growth Forecast to 6.5% Amid Economic Concerns

672+ Words Refined into 7 Facts by AI • 12 sources • 1d ago

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The Asian Development Bank (ADB) revised India's GDP growth forecast to 6.5%.
This change is due to weaker private investment and housing demand.
India's GDP growth fell to a 7-quarter low of 5.4%.
The ADB noted potential US trade policy changes could impact growth.
Despite revisions, ADB remains optimistic about agricultural output and the services sector.
Indicators like PMI for industry and services suggest a recovery.
Lower-than-expected Brent crude prices may ease inflationary pressures.

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Related Update: 47 mins later

ADB Updates Growth Forecasts for India and Southeast Asia

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ADB revised India's GDP growth forecast from 7% to 6.5%
Reserve Bank of India cut its growth projection to 6.6%
Growth outlook for Southeast Asia raised to 4.7% this year
ADB maintains China's growth forecast at 4.8%

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Related Update: 6 hours later

India's Growth Forecasts Adjusted with Regulatory Insights

768+ Words Refined into 6 Facts by AI • 3 sources • 1d ago

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RBI has lowered its growth projection to 6.6%
Inflation forecast increased to 4.8% by RBI
ADB projects Asia-Pacific growth at 4.9% for 2024
Axis Bank predicts India's growth to rebound to 7% in 2025-26
Chief Economic Advisor V Anantha Nageswaran: “optimize rather than maximize” oversight
Nageswaran proposed a framework for regulatory accountability

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Indian Economy Struggles Amid Policymaker Denial

630+ Words Refined into 4 Facts by AI • 1 source • 1d ago

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Policymakers in New Delhi are reportedly in denial about economic struggles.
Loans against gold surged over 50% annually.
Lower-income borrowers are pledging gold as a desperate measure.
Experts warn of a potential economic rut similar to pre-pandemic times.

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Related Update: 3 hours later

ADB Lowers India's Growth Forecast for FY25 and FY26

1032+ Words Refined into 10 Facts by AI • 1 source • 21h ago

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ADB revised India's growth forecast for FY25 down to 6.5%
Growth forecast for FY26 lowered to 7% from 7.2%
ADB cites weaker industrial output and tighter lending norms
RBI adjusted its growth estimate for FY25 to 6.6%
RBI maintains policy rate at 6.5% for 11th consecutive time
Axis Bank projects 7% growth for FY26
ADB's inflation forecast for FY25 remains 4.7%
Inflation outlook for FY26 lowered to 4.3%
ADB optimistic about India’s growth due to agricultural output
ADB warns of downside risks from geopolitical threats

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Market Shifts: RBI Change and Nifty 50 Growth

654+ Words Refined into 6 Facts by AI • 3 sources • 20h ago

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USD/INR exchange rate reached a record high of 84.85
Sanjay Malhotra replaced Saktikanta Das as RBI governor
Nifty 50 index climbed from ₹23,280 to ₹24,630
Britannia Industries is the top performer in Nifty 50
Kotak Securities projects Nifty 50 to reach 26,100 by December 2025
Gold prices expected to rise due to Russia-Ukraine conflict

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Related Update: 6 hours later

ADB Adjusts Growth Forecasts Amid US Policy Changes

552+ Words Refined into 5 Facts by AI • 1 source • 13h ago

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ADB projects 4.9% growth for developing Asia in 2024
China's growth forecast maintained at 4.8% for 2024
US trade policy changes under Donald Trump could impact growth
Potential tariffs over 60% on Chinese imports highlighted
Inflation predictions adjusted to 2.7% for 2024

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Related Update: 8 hours later

Goyal Optimistic Despite Economic Challenges

822+ Words Refined into 7 Facts by AI • 2 sources • 5h ago

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Commerce Minister Piyush Goyal optimistic about economic recovery
India's GDP growth at 4.3% in Q3 FY 2022-23
Goyal: “These are structural changes which are good for India”
Criticism of opposition's negative narratives on growth
Challenges include sluggish wage growth and rising costs
High inflation causing decreased consumer spending
Experts analyzing India's economic future amid global influences

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Nageswaran Advocates for Growth Amid Challenges

1200+ Words Refined into 8 Facts by AI • 2 sources • 4h ago

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CEA V Anantha Nageswaran stressed the need for domestic growth.
Nageswaran noted a spike in global uncertainty is not temporary.
He emphasized wage hikes and innovation for economic momentum.
Despite a dip to 5.4%, he remains optimistic for 6.5-7% growth in FY25.
Nageswaran warned that without growth, resources for climate change are limited.
He proposed creating 8 million jobs annually for sustainable growth.
Projected per capita income to rise to Rs 14.9 lakh by FY47.
Nageswaran raised concerns about mental health among youth.

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Related Update: 1 hours later

ADB Lowers India's Growth Forecast Amid Economic Challenges

558+ Words Refined into 5 Facts by AI • 1 source • 3h ago

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ADB revised India's GDP growth forecast for FY25 down to 6.5% from 7%
Growth projection for FY26 lowered to 7% from 7.2%
Reasons include dampened manufacturing performance and lagging government spending
Geopolitical threats and adverse weather conditions pose downside risks
Indicators suggest potential recovery in upcoming quarters

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Related Update: 3 hours later

RBI's Lending Measures Expose Economic Challenges

678+ Words Refined into 5 Facts by AI • 1 source • 0m ago

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RBI curbs unsecured lending amid rising defaults
Stagnant incomes lead to unsustainable debt cycles
Government neglects job creation and economic growth
Defaults on loans are increasingly common in India
Experts call for a comprehensive approach to tackle issues

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ADB Lowers India's GDP Growth Forecast to 6.5% Amid Economic Concerns

ADB Lowers India's GDP Growth Forecast to 6.5% Amid Economic Concerns

ADB Updates Growth Forecasts for India and Southeast Asia

India's Growth Forecasts Adjusted with Regulatory Insights

Indian Economy Struggles Amid Policymaker Denial

ADB Lowers India's Growth Forecast for FY25 and FY26

Market Shifts: RBI Change and Nifty 50 Growth

ADB Adjusts Growth Forecasts Amid US Policy Changes

Goyal Optimistic Despite Economic Challenges

Nageswaran Advocates for Growth Amid Challenges

ADB Lowers India's Growth Forecast Amid Economic Challenges

RBI's Lending Measures Expose Economic Challenges

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