Asian Economies Project Growth for 2025

India Ratings and Research (Ind-Ra) projects India's economy to grow by 6.6% in FY26, driven primarily by investments, while expecting inflation to decrease to 4.4%. The agency notes the Indian economy has faced a slowdown but anticipates a reversal beginning in December 2024. Meanwhile, Thailand's commerce minister expresses optimism that the country could exceed a government forecast of 2-3% export growth in 2025, aided by a weaker baht. In Vietnam, GDP growth is expected to surpass the 7% target due to strong recovery efforts, with the Asian Development Bank raising its 2024 growth forecast to 6.4%. Additionally, Vietnam's Ministry of Industry and Trade aims for a 6% export growth in 2025, focusing on key sectors like electronics and textiles amid geopolitical uncertainties. Lastly, China plans to maintain an economic growth target of around 5% for 2025 while proposing a record budget deficit of 4% of GDP to stimulate the economy.