Which of the following statements is/are correct regarding the Asian Development Outlook December 2024 update?
1. The ADB lowered India's FY25 GDP growth forecast to 6.5% primarily due to lagging government capital expenditure and weak private investment.
2. The ADB projects that the inflation rate in developing Asia will rise sharply to over 5% in 2024 due to global supply chain disruptions.

Question

Accepted Answer

A) 1 only — Statement 1 is correct: The ADB lowered India's FY25 GDP growth forecast to 6.5% citing lagging government spending, weak private investment, and a manufacturing slowdown. Statement 2 is incorrect: The report actually adjusted developing Asia's inflation forecast downward to 2.7% in 2024 due to softening global commodity prices, rather than predicting a sharp rise.

ADB Lowers India's FY25 Growth Forecast to 6.5%

Co-location of Anganwadi Centres Guidelines