Asian Development Bank Upgrades India's FY26 Growth Forecast To 6.9 Per Cent On Robust Domestic Demand
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The Asian Development Bank has upgraded India's economic growth forecast to 6.9% for the financial year 2026, citing strong domestic demand and lower tariffs imposed by the United States. India's economy is expected to grow further to 7.3% in FY27, driven by domestic reforms and trade agreements.
The Asian Development Bank has raised India's economic growth projection to 6.9% for FY26. This upgrade is due to strong domestic demand and lower US tariffs. The bank expects growth to accelerate to 7.3% in FY27, driven by domestic reforms and trade agreements. Private consumption is likely to remain strong in FY26, supported by rising real incomes and easing monetary conditions. Growth is expected to strengthen in FY27, aided by an expected revision to government salaries and pensions. However, the bank flagged risks from the West Asia conflict, which could weigh on exports and inflation.
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