Multiple financial institutions have sharply revised India’s GDP growth forecast upwards for the fiscal year 2025-26. The Asian Development Bank (ADB) raised its projection to 7.2% (from 6.5%), while the Reserve Bank of India (RBI) also increased its forecast to 7.3% (from 6.8%). Both organizations attribute the robust expansion to strong domestic consumption, supported by factors like corporate tax cuts, healthy agricultural performance, and strong growth in the manufacturing and services sectors.
India’s FY26 GDP Forecast Raised by ADB and RBI
