Overview
- The Asian Development Bank raised developing Asia’s 2025 growth outlook to 5.1% and nudged 2026 to 4.6% on stronger tech exports and reduced trade uncertainty.
- India posted 8.2% GDP growth in July–September, the fastest in six quarters, taking first‑half expansion to about 8% with manufacturing and services leading.
- Inflation projections were lowered, with India’s FY26 forecast cut to 2.6% as food prices eased following GST rate reductions and favorable harvests.
- ADB kept India’s FY27 growth projection unchanged at 6.5%, noting momentum remains supported by consumption, credit growth, and earlier tax measures.
- Risks flagged include potential tariff re‑escalations, financial market volatility, climate shocks, and weakness in China’s property sector, while growth could cool as public capex slows and some exports face higher U.S. tariffs.