ADB retains India's growth forecast at 7% for FY'25

ADB maintains India's GDP forecast at 7%, expecting agricultural boost from favorable monsoons. IMF, RBI predict 7% and 7.2% growth. Services and public investments drive housing; inflation at 4.6%. Developing Asia grows 5%. Q4 FY24 sees strong services, manufacturing demand, bolstered by fiscal strength. Weather, geopolitical risks persist. Caucasus, Central Asia support regional growth; merchandise exports lag.