Asian Development Bank ups India’s FY26 GDP growth forecast to 7.2%

The Asian Development Bank (ADB) on Wednesday raised its FY26 growth forecast for India to 7.2%, up from the 6.5% projected in September.

- Gireesh Chandra Prasad [e-mail]

The upgrade also helped lift the bank’s outlook for developing Asia and the Pacific in 2025 by 0.3 percentage points to 5.1%. Developing Asia includes the 46 developing members of the ADB.

ADB attributed the revision for India to robust domestic consumption, while solid export performance in the region’s high-income, technology-exporting economies contributed to the improved regional outlook.

ADB kept its FY27 growth projection for India unchanged at 6.5%, and nudged up its estimate for the region by 0.1 percentage points to 4.6%. ADB's India forecasts follow the financial year ending March.