ADB ups India's FY26 growth forecast to 7.2%

• ADB raised India's growth forecast for FY26 to 7.2% from 6.5%, citing robust Q3 growth and consumption supported by tax cuts.
• The bank also upgraded growth forecasts for developing Asia and the Pacific to 5.1% for this year and 4.6% for next.
• Stronger exports, moderating inflation, and stable financial conditions are bolstering the region's growth outlook.
• Lower-than-anticipated food inflation in India contributed to an easing of regional inflation, now projected at 1.6% for this year.

Why It Matters: ADB's increased growth forecast signals a stronger economic outlook for India.