The Asian Development Bank (ADB) has raised India’s growth forecast for 2025–26 by 0.7 percentage points—from 6.5 per cent to 7.2 per cent—days after the country posted strong July–September quarter numbers and signs of a stronger fiscal outlook.

ADB said India’s upgraded projection reflects a more robust third-quarter expansion, aided by tax cuts that have supported consumption. The forecast for 2026 remains unchanged at 6.5 per cent.

The multilateral lender on Wednesday also revised upward its growth outlook for developing Asia and the Pacific for both 2025 and 2026, citing stronger-than-expected exports and reduced trade uncertainty following recent trade agreements with the United States.

Resilient exports—particularly semiconductors and other technology products—along with moderati

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