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ADB Lowers India's Growth Forecast for FY26 to 6.5 Per Cent, Ind-Ra Trims to 6.3 Per Cent
The Statesman Siliguri
|July 24, 2025
The Asian Development Bank (ADB) on Wednesday lowered India's growth forecast for FY26 to 6.5 per cent from earlier 6.7 per cent on account of trade uncertainty and higher US tariffs that are expected to impact exports and investment.
However, despite the downward revision from the April 2025 Asian Development Outlook (ADO), India remains one of the fastest-growing major economies in the world.
As per the July ADO, this revision is primarily due to the impact of US baseline tariffs and associated policy uncertainty. In addition to the effects of lower global growth and the direct impact of additional US tariffs on Indian exports, heightened policy uncertainty may affect investment flows.
It said the services and agriculture sectors are expected to be key drivers of growth, the latter supported by a forecast of above-normal monsoon rains.
Denne historien er fra July 24, 2025-utgaven av The Statesman Siliguri.
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FLERE HISTORIER FRA The Statesman Siliguri
The Statesman Siliguri
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