September 23, 2026 3:02 PM
ADB raises India’s GDP growth forecast to 7pc on stronger-than-expected Q1 growth
The Asian Development Bank (ADB) on Wednesday raised its forecast for India’s economic growth in the current fiscal to 7 per cent, up from 6.6 per cent projected in July, citing stronger-than-expected economic performance in the first quarter despite supply-side disruptions caused by the West Asia crisis. In its Asian Development Outlook (ADO) September 2026, the multilateral lender said, “The revision reflects India’s stronger-than-expected economic performance, with GDP expanding by 7.8...