Afghanistan, Dec. 10 -- The Asian Development Bank says strong economic growth in India and increasing demand for technology in advanced economies are improving developing Asia's prospects.
The Asian Development Bank (ADB) said on Tuesday that strong growth in India and rising demand for advanced technology in key regional economies have improved the economic outlook for developing Asia and the Pacific for both this year and next.
The bank raised its 2025 growth forecast for the region to 5.1 percent and lifted its projection for 2026 to 4.6 percent, citing resilient domestic demand and easing global financial conditions.
South Asia is expected to expand by 6.5 percent in 2025, supported largely by India's continued momentum. India grew ...