ADB ups India's GDP growth forecasts
New Delhi, April 11 -- The Asian Development Bank (ADB) on Friday projected India's GDP growth to remain "robust" at 6.9% in the current fiscal, and rise to 7.3% in next fiscal driven by strong domestic demand, and supported by easing financing conditions and lower US tariffs on Indian goods.
In its Asian Development Outlook April 2026 report, the ADB said a prolonged conflict in the Middle East could undermine India's macroeconomic performance through multiple channels, including higher energy prices, trade flow disruptions, and weaker remittance inflows.
It projected inflation to more than double from 2.1% in 2025-26 to 4.5% in the current fiscal due to a rebound in food prices from earlier declines, higher global oil prices, currency weakness, and rising precious metal prices. It projected inflation to ease to 4% in the 2027-28 fiscal on account of lower oil prices and moderating food prices.
"A prolonged conflict in the Middle East is the single biggest risk to the (developing Asia and Pacific) region's outlook, as it could lead to persistently high energy and food prices and tighter financial conditions," said ADB Chief Economist Albert Park.
In the Asia Development Outlook report released in December, 2025, ADB had projected India's GDP growth at 6.5% for 2026-27 fiscal....
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