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ADB ups India's growth projection to 6.7% for FY24

The second quarter of FY24 saw higher-than-expected GDP growth of 7.6 percent, causing growth in the first half (April-September) to expand by a strong 7.7 per cent, according to the Asian Development Outlook December 2023 released on Wednesday.
Asian Development Outlook Asian Development Bank Asian Development Outlook December Reserve Bank September Asian Development Outlook Southeast Asian

ADB Raises India's GDP Growth Projection to 6.7% for 2023-24 Vs 6.3% Earlier

ADB Raises India's Growth Projection to 6.7% for 2023-24 Vs 6.3% Estimated Earlier; the second quarter of FY24 saw higher-than-expected GDP growth of 7.6 per cent, causing growth in the first half (April-September) to expand by a strong 7.7 per cent
Shaktikanta Das Asian Development Bank Asian Development Outlook Asian Development Outlook December Reserve Bank September Asian Development Outlook
Source: news18.com

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ADB to extend $200-mln loan to boost power supply in Dehradun

The project will modernise Dehradun citys power network infrastructure by introducing an advanced and climate-resilient underground cable system comprising 537 km subterranean cables, 354 ring main units, and 99 compact substations, the finance ministry said in a statement.
Juhi Mukherjee Ryun Jeong Uttarakhand Climate Resilient Power System Development India Resident Mission Asian Development Bank Hoe Yun Jeong

ADB raises India's FY24 growth forecast to 6.7%

In its latest report on outlook for developing Asia, the multilateral lender, retained its India growth forecast for FY25 at 6.7%. Recognising accelerated growth momentum, the RBI this month raised its FY24 growth projection for India to 7% from 6.5%, while Nomura increased it to 6.7% from 5.9%, Citigroup to 6.7% from 6.2% and DBS to 6.8% from 6.4%. India recorded a 7.7% expansion in the first half of this fiscal.
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