ADB raises India's FY26 GDP growth forecast from 6.5% to 7.2%

• ADB raised India's FY26 GDP growth forecast from 6.5% to 7.2%.
• The revision is primarily due to GST rate reductions boosting consumption.
• India's Q2 GDP grew by 8.2%, the fastest in six quarters, driven by private consumption.
• ADB also lowered India's FY inflation forecast from 3.1% to 2.6%.
• RBI previously increased its FY growth forecast to 7.3% and expects inflation at 2.1%.

Why It Matters: ADB's raised GDP forecast signals India's stronger economic growth.