India to outperform peers with 6.9% growth: ADB
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New Delhi: ADB on Friday projected India’s GDP growth to remain robust at 6.9% in FY2026-27 and strengthen to 7.3% in FY2027-28, supported by strong domestic demand, easing financial conditions, and lower US tariffs. However, it flagged a prolonged Middle East conflict as a key downside risk, with potential to disrupt energy markets, trade flows and remittance inflows, while pushing up global inflation.
In its Asian Development Outlook April 2026 report, the Manila-based lender said developing Asia’s growth is expected to moderate to 5.1% in 2026 and 2027 from 5.4% last year due to geopolitical tensions and trade uncertainty. ADB Chief Economist Albert Park said sustained conflict could keep energy and food prices elevated and tighten financial conditions, requiring prudent macroeconomic management and targeted support for vulnerable households. For India, the bank said growth would be underpinned by resilient consumption and investment, aided by reforms, easing financing conditions, and expected gains from trade agreements such as with the European Union.
