ADB cuts India's FY27 growth forecast to 6.6% as energy shocks weigh on demand
The Asian Development Bank (ADB) cut India's GDP growth forecast for FY27 to 6.6%, down from 6.9% projected in April, citing energy market disruptions. Despite the downgrade, India's forecast remains above the International Monetary Fund's estimate of 6.4%. ADB retained its FY28 growth outlook at 7.3%, but warned that inflationary pressures and geopolitical uncertainties could further impact the economy.