India GDP: ADB forecasts 6.9% growth in FY27, warns on West Asia conflict, inflation
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The Asian Development Bank (ADB) has forecasted India's GDP growth at 6.9% for FY27, citing strong domestic demand. However, the World Bank has lowered India's growth forecast to 6.6% due to the impact of the West Asia conflict on consumption, industrial activity, and global energy markets.
The Asian Development Bank (ADB) has raised India's GDP growth forecast for FY27 to 6.9%. This is due to strong domestic demand and the impact of lower US tariffs. The Reserve Bank of India also pegged India's growth at 6.9% in its April monetary policy review. However, the World Bank has cut India's growth forecast to 6.6% citing risks from the West Asia conflict. The conflict may disrupt supply chains and impact inflation. Oil prices are expected to remain elevated, adding to global inflationary pressures.
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