Current Affairs - Economy - Discussion

The Asian Development Bank (ADB) has raised India’s GDP growth forecast for FY2026-27 to 7%, up from its earlier forecast of 6.6%. The revision reflects stronger-than-expected economic performance, with India recording 7.8% GDP growth in the first quarter of FY2026-27. Robust domestic consumption, investment demand, manufacturing and services activity, and public infrastructure investment are expected to support economic momentum. ADB also highlighted improving logistics infrastructure and regulatory measures as factors supporting private investment. For FY2027-28, ADB has projected India’s GDP growth at 7.1%, compared with its earlier forecast of 7.3%.