Moody’s Ratings has cut India’s 2026 GDP growth forecast to 6%, lowering it by 0.8 percentage points. The agency cites weak private consumption, slower capital formation and industrial activity, plus higher energy costs. Moody’s also pegged 2027 growth at 6%, down from earlier estimates, warning that global and domestic pressures continue to weigh on momentum.
The Asian Development Bank has reduced its 2026 growth outlook for Asia and the Pacific to 4.7%, citing prolonged disruptions in West Asia. Rising energy prices are pushing inflation higher while financial conditions tighten. The ADB warns these shocks may cause long-lasting damage to global energy and trade networks, even as it promises support and close risk monitoring.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Finance Minister said the government is prepared to handle any global development as India’s economic revival becomes unmistakable. He projected that recovery will keep India among the fastest-growing large economies and said the momentum is likely to continue into the next fiscal. The remarks underscore confidence in domestic turnaround even amid global uncertainty.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
