ADB raises India's FY27 growth forecast to 7%

The Asian Development Bank has raised its forecast for India's economic growth in FY27 to 7% from its earlier projection of 6.6%. The upgrade reflects confidence in strong public investment and resilience in services and electronics exports.

The revision follows India's better-than-expected GDP growth of 7.8% in the June quarter, driven by investments, consumption, manufacturing activity and services expansion.