ETV Bharat / business

Indian Economy To Grow At 6.5 Pc In FY26; US Tariffs To Weigh On Exports: Asian Development Bank (ADB)

Reduction in exports will impact India's GDP in both FY26 and FY27 as the tariffs are implemented.

New Delhi: Despite a strong 7.8 per cent growth in the first quarter, the Indian economy is expected to grow at 6.5 per cent in the current financial year as the impact of US tariffs on Indian exports will reduce prospects, particularly in the second half, ADB said on Tuesday.

It is to be noted that the Asian Development Outlook (ADO) of the Asian Development Bank (ADB), released in April, had projected a higher growth rate of 7 per cent, which was lowered to 6.5 per cent in the July report on concern of a steep 50 per cent US tariffs on shipment from Indi

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