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Multilateral lender predicts economic rebound driven by EU trade pact and a rise in government staff's income.
ADB raised India's FY27 GDP growth forecast to 7.3%, up from 6.5% estimated in December.
KEY POINTS
- The upgrade is driven by an EU trade pact and expected government salary and pension hikes.
- ADB expects 125 basis points of RBI rate cuts in 2025 to stimulate credit and spending.
- India's current account deficit is projected to narrow in FY27 as oil prices stabilize and exports rise.
- Inflation is forecast to decline to 4.0% in FY27 despite salary-driven demand pressures.
COMPANIES
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