India, Sept. 29 -- The Asian Development Bank (ADB) has forecast India's gross domestic product (GDP) to grow by 6.5% in both fiscal years (FY2025, ending 31 March 2026) and FY2026, according to the Asian Development Outlook (ADO) September 2025, released today.While the FY2025 forecast remains unchanged from ADB's July 2025 projection, the FY2026 estimate has been revised downward from 6.7% to 6.5%. This adjustment reflects anticipated headwinds from newly imposed US tariffs on Indian exports. However, resilient domestic consumption and strong performance in service exports are expected to cushion the impact of these trade barriers. Recent policy steps-including reductions in GST rates, cuts in personal income tax, and employment-linked fi...