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India’s Gross Domestic Product (GDP) growth is set to shrink to 6.4 per cent in 2025, as compared to 6.6 per cent in 2024, Moody’s Analytics has said in its latest report. This will happen largely due to new US tariffs and global softening of demand affecting exports.
Gross domestic product (GDP) growth across the Asia-Pacific (APAC) region is expected to slow to 3.7 per cent in 2025 from an estimated 3.9 per cent in 2024 on trade tensions, policy shifts and uneven recoveries.
It said that India’s GDP is expected to grow 6.4% both in the 2025 and 2026 fiscal years. Talking about China, it said that its GDP growth will further weaken and reach 4.2% in 2025 and 3.9% in 2026. The fastest-growing economy of Asia registered a 5% growth rate in 2024.
Listen to this article Virginia’s long-term economic outlook is positive, according to the University of Virginia’s Weldon Cooper Center for Public Service’s inaugural economic forecast released Monday.
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