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Asian Development Bank projects India's GDP growth to remain "robust" at 6.9 per cent in the current fiscal, and rise to 7.3 per cent.
ADB raised India's 2026-27 GDP growth forecast from 6.5% to 6.9% due to strong domestic demand.
KEY POINTS
- India's GDP growth is projected to rise further to 7.3% in 2027-28, aided by EU trade agreements.
- Inflation is expected to more than double to 4.5% in 2026-27, mainly from food and oil price rebounds.
- A prolonged Middle East conflict could significantly widen India's current account deficit and raise inflation.
- Limited pass-through of global oil prices may cushion inflation but increase fiscal pressure via subsidies.
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