Multiple financial institutions have sharply revised India’s GDP growth forecast upwards for the fiscal year 2025-26. The Asian Development Bank (ADB) raised its projection to 7.2% (from 6.5%), while the Reserve Bank of India (RBI) also increased its forecast to 7.3% (from 6.8%). Both organizations attribute the robust expansion to strong domestic consumption, supported by factors like corporate tax cuts, healthy agricultural performance, and strong growth in the manufacturing and services sectors.
