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ADB raises India FY27 growth forecast to 7%, cuts FY28 estimate to 7.1%

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ADB raises India FY27 growth forecast to 7%, cuts FY28 estimate to 7.1%

Home / Economy / News / ADB raises India FY27 growth forecast to 7%, cuts FY28 estimate to 7.1%

ADB raises India FY27 growth forecast to 7%, cuts FY28 estimate to 7.1%

ADB raised India's FY27 growth forecast to 7 per cent from 6.6 per cent on strong investment and services exports, while cutting its FY28 estimate to 7.1 per cent from 7.3 per cent

ADB lowered its growth estimate for FY28 to 7.1 per cent from 7.3 per cent earlier. (Photo: Shutterstock)

Rimjhim Singh New Delhi 4 min read Last Updated : Sep 23 2026 | 2:25 PM IST

The Asian Development Bank (ADB) has raised its forecast for India’s economic growth in FY27 to 7 per cent from 6.6 per cent earlier, citing stronger investment demand and resilient services exports.

The multilateral lender also lowered its growth estimate for FY28 to 7.1 per cent from 7.3 per cent earlier. ADB said the downgrade for FY28 largely reflects the higher growth base in FY27. The revised projections were released in ADB’s September 2026 Asian Development Outlook on Wednesday.

“The Indian economy remains resilient despite heightened geopolitical tensions and high commodity prices,” ADB said.

The upward revision comes after India recorded stronger-than-expected growth in the first quarter of FY27. Gross domestic product (GDP) grew 7.8 per cent year-on-year during the quarter.

Services remained a major driver of growth, expanding 10 per cent. 1 per cent. 2 per cent, helped by electronics, textiles, and rubber and plastics.



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