ADB ups India's FY27 growth projections to 6.9%
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The Asian Development Bank has projected India's GDP growth to be 6.9% in the current fiscal year and 7.3% in the next fiscal year, driven by strong domestic demand and easing financing conditions. The bank also warned that a prolonged conflict in the Middle East could undermine India's macroeconomic performance through higher energy prices and trade disruptions.
The Asian Development Bank has upgraded India's GDP growth projection to 6.9% for the current fiscal year. This growth is expected to be driven by strong domestic demand and supported by easing financing conditions and lower US tariffs on Indian goods. The bank also projects inflation to rise to 4.5% in the current fiscal due to higher food and oil prices. In the next fiscal year, growth is expected to rise to 7.3% driven by domestic reforms and trade agreements. The Indian economy grew 7.6% in the previous fiscal year, supported by resilient household consumption and steady public investment. A prolonged conflict in the Middle East could impact India's economy through higher energy prices and trade disruptions.
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