Asian Development Bank raises India’s growth forecast for current financial year from 6.5% to 6.9%

Asian Development Bank raises India’s growth forecast for current financial year from 6.5% to 6.9%

• According to ADB’s Asian Development Outlook, growth in India is expected to remain robust in current fiscal, underpinned by strong domestic demand, easing financing conditions, and lower US tariffs on Indian goods.
• The report highlighted that most economies in Asia and Pacific will witness growth outlook worsen this year and in 2027.
• Economic growth in the region is expected to slow to 5.1 per cent in both 2026 and 2027, from 5.4 per cent last year, weighed down by the conflict in West Asia and continuing trade uncertainty.
• The Asian Development Bank (ADB) is a Manila-based multilateral development bank established in 1966 to reduce poverty in Asia and the Pacific through inclusive, sustainable growth.
• Currently, ADB has 69 members.