Current Affairs - Economy - Discussion

The Asian Development Bank (ADB), in its April 2025 Asian Development Outlook report, has projected India's GDP to grow by 6.7% in the fiscal year 2025. This growth outlook reflects the economy's resilience amid global uncertainties, supported by rising domestic demand, rural income growth, and controlled inflation. Additional drivers include fiscal reforms such as tax cuts for the middle class and monetary easing through repo rate reductions. Despite a slight downward revision by the Reserve Bank of India (RBI) to 6.5%, the ADB maintains confidence in the momentum of India’s economic expansion into FY2026.