ADB Cuts India’s FY26 GDP Forecast to 6.5%
Why in the news
ADB lowered its projections for India, mainly because of steep US tariffs.
Key facts
- Hit sectors: textiles, garments, jewellery, shrimp, chemicals; services exports stay strong.
- Consumption should firm up on cheaper food and tax cuts; public investment helps.
- Developing Asia: 4.8% for 2025 and 4.5% for 2026.
Revisions
| Measure | Earlier | Now |
|---|---|---|
| India FY26 growth | 6.7% | 6.5% |
| India FY27 growth | 6.8% | 6.5% |
| Inflation FY26 | – | 3.1% |
| Inflation FY27 | – | 4.2% |
Exam angle
- Institution: Asian Development Bank.
- Know the figures 6.7% to 6.5%.