Mumbai, Dec. 10 -- The Asian Development Bank (ADB) has hiked India's economic growth estimate for FY26 to 7.2% from its earlier projection of 6.5%. It noted that this is primarily due to a wave of domestic demand pushed by the recent tax reductions, giving the economy stronger momentum than previously expected. It also highlighted stronger second-quarter expansion as tax cuts supported consumption. ADB noted that following stronger-than-anticipated growth in Q3, India's 2025 growth projection is upgraded, driven primarily by robust domestic consumption supported by recent tax cuts. Risks remain balanced, with downside risks coming from potential escalation of trade tensions and weather-related shocks, while upside potential could emerge ...