The Asian Development Bank (ADB) has revised downwards India’s growth forecast for FY26 to 6.5 per cent from the earlier 6.7 per cent in its latest July 2025 report, citing the effects of US tariff policies. India will continue to be one of the fastest-growing major economies in the world, ADB said.
“This revision is primarily due to the impact of US baseline tariffs and associated policy uncertainty. In addition to the effects of lower global growth and the direct impact of additional US tariffs on Indian exports, heightened policy uncertainty may affect investment flows,” the ADB said in its Asian Development Outlook July 2025.
