ADB Projects Steady Growth for India, Warns of Global Risks

New Delhi, Apr 10 (BNP): The Asian Development Bank (ADB) has projected that India’s economy will continue to grow at a healthy pace, estimating GDP growth at 6.9% for the current financial year and 7.3% for the next.

Pic Credit: Pexel 

The outlook is supported by strong domestic demand, improving financial conditions, and relatively lower US tariffs on Indian goods. These factors are expected to help sustain momentum despite global uncertainties.

At the same time, the ADB has flagged potential risks. Ongoing tensions in the Middle East could impact India’s economy by driving up energy prices, disrupting trade, and affecting remittance flows from the region.

Overall, the report reflects confidence in India’s growth story, while highlighting the need to stay alert to external challenges.