ADB lowers India's GDP growth forecast to 6.5 pc for FY25

The Asian Development Bank (ADB) lowered India's 2024-25 growth forecast to 6.5% from 7% due to weaker private investment and housing demand. ADB also lowered India's 2025-26 forecast to 7% from 7.2%. While growth is expected to rebound, potential US policy changes could impact Asia's long-term economic outlook.