ADB has lowered India's FY27 growth forecast to 6.6% due to higher energy prices, while projecting a rebound to 7.3% in FY28, surpassing IMF estimates.
ADB's latest report is out
Jul 09, 2026
02:41 pm
What's the storyThe Asian Development Bank (ADB) has revised India's growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, down from its earlier estimate of 6.9% in April.
The revision comes as higher oil prices and transportation costs are seen to be affecting consumer sentiment and private demand, according to ADB's latest Asian Development Outlook report.
ADB cuts India FY27 growth forecast to 6.6% on higher energy costs
ADB cuts India FY27 growth forecast to 6.6% on higher oil prices
ADB cuts India's FY27 GDP growth aim to 6.6% on higher energy prices
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The Asian Development Bank has lowered India's FY27 growth forecast to 6.6 percent. Higher oil prices and transportation costs…
The Asian Development Bank has lowered India's FY27 growth forecast to 6.6 percent. Higher crude oil prices and transportation…
The Asian Development Bank has lowered India's FY27 GDP growth forecast to 6.6 percent. Elevated energy prices are impacting…
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