GDP Forecast by Various Organizations for FY25

Current Context: Forecasts for India's GDP growth in FY 25 (which began April 1, 2024) vary slightly between organizations.

• The Reserve Bank of India (RBI) is currently the most optimistic, predicting a growth rate of 7.2%.
• Other institutions like the Asian Development Bank (ADB) and Fitch Ratings are close behind, forecasting 7.0% and 7.2% growth respectively.
• International organizations like the International Monetary Fund (IMF) have a slightly lower projection of 6.8%.
• Moody's Investors Service and S&P Global Ratings are on the lower end of the spectrum, both estimating a growth rate of 6.6% and 6.8% respectively for FY 25.

Question:

1 What is the GDP growth forecast for India by the Asian Development Bank (ADB) for FY 25?

• A) 6.6%
• B) 6.8%
• C) 7.0%
• D) 7.2%

Answer: C) Other institutions like the Asian Development Bank (ADB) and Fitch Ratings are close behind, forecasting 7.0% and 7.2% growth respectively.