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The Economic Times
The Economic Times

ADB cuts India's FY27 GDP growth aim to 6.6% on higher energy prices

ADB India GDP the Asian Development Bank Inflation South Asia

The Asian Development Bank (ADB) on Thursday lowered India's GDP growth forecast for FY27 to 6.6% from the 6.9% projected in April, saying elevated energy prices are squeezing real incomes.

In the July edition of its Asian Development Outlook, the multilateral lender retained its FY28 growth forecast at 7.3%, saying the outlook is underpinned by improved global conditions and export competitiveness gained through trade agreements with various partners.

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