ADB: India's FY26 growth forecast up to 7.2%, inflation down.

• ADB raised India's FY26 growth forecast to 7.2% from 6.5%, citing a consumption boost from tax cuts.
• India's Q2FY26 GDP grew by 8.2%, the fastest in six quarters, driven by strong private consumption.
• ADB also revised India's FY26 inflation forecast down to 2.6% from 3.1%.
• October retail inflation dropped to 0.3%, the lowest since 2012, due to GST reductions and food price deflation.
• The Reserve Bank of India (RBI) also raised its FY26 growth forecast to 7.3% and expects inflation at 2.1%.

Why It Matters: ADB raising India's growth forecast signals a stronger economic future.