New Delhi, Oct. 2 -- The Asian Development Bank (ADB) has forecast India's Gross Domestic Product (GDP) to grow by 6.5 percent in both the current fiscal year (FY2025, ending March 31, 2026) and the following year (FY2026).
While the growth forecast for FY2025 remains unchanged from the ADB's July 2025 projection, the FY2026 estimate has been revised downward from 6.7 percent to 6.5 percent.
This adjustment reflects anticipated headwinds from newly imposed US tariffs on Indian exports. However, resilient domestic consumption and strong service exports are expected to cushion the impact, the report stated.
Mio Oka, ADB Country Director for India, remained optimistic about the country's economic trajectory.
"Despite ongoing trade challeng...