With two successive quarters of higher-than-expected growth, the Asian Development Bank (ADB) on Wednesday upped India’s GDP (Gross Domestic Product) forecast by 70 basis points to 7.2 per cent.

India’s FY 2025-26 growth projection is upgraded, “driven primarily by robust domestic consumption supported by recent tax cuts,” ADB said in the latest Asian Economic Outlook. Further, it said that GDP grew at a faster-than-expected 8.2 per cent in the second quarter of FY2025-26 (July to September 2025), leading to an average growth of 8 per cent in the first half of the fiscal year. First quarter growth rate was 7.8 per cent.

ADB’s latest projection is a tad lower than that of the Reserve Bank of India, which recently increased its estimate to 7.3 per cent, 50 basis points higher that previou

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