ADB cuts India's FY27 growth forecast to 6.6%
New Delhi, July 10 -- The Asian Development Bank (ADB) has cut India's economic growth forecast for fiscal year 2027 (FY27), saying prolonged disruption to global energy markets following the conflict in West Asia is beginning to weigh on domestic demand through persistently high fuel prices.
In its Asian Development Outlook (ADO) July 2026, released on Wednesday, ADB lowered its GDP growth forecast for India to 6.6% from the 6.9% projected in April. Even after the downgrade, the projection is above the International Monetary Fund's estimate of 6.4% for FY27.
The revised forecast also remains higher than ADB's earlier estimate of 6.5% for the current fiscal year, which it had raised to 6.9% in April. While trimming its FY27 outlook, ADB retained its FY28 growth forecast for India at 7.3%.According to the report, disruptions to global energy markets are expected to unwind only gradually despite a framework agreement signed in June....
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