ADB cuts India's GDP growth forecast due to high energy prices

ADB cuts India's GDP growth forecast due to high energy prices — The Asian Development Bank (ADB) has revised India’s GDP growth projection to 6.4% for FY2024, down from 6.8%, citing elevated energy prices and global headwinds. This downward revision may pressure rate-sensitive sectors and influence RBI’s policy outlook. Rising crude oil costs could widen the current account deficit and impact corporate margins.
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