♦ The Asian Development Bank (ADB) has raised India’s growth forecast to 6.7 percent for the current financial year 2023-24 from its earlier projection of 6.3 percent.

♦ ABD released ‘Asian Development Outlook December 2023’ on 13 December 2023.

♦ The report said India’s growth also accelerated to 7.1 percent in the first three quarters of the calendar year, driven by strong industrial production and investment. ADB’s growth forecast for FY25 is unchanged at 6.7 percent.