♦ The Asian Development Bank (ADB) has raised India’s growth forecast for 2025-26 by 0.7 percentage points—from 6.5 percent to 7.2 percent. ADB said India’s upgraded projection reflects a more robust third-quarter expansion, aided by tax cuts that have supported consumption. The forecast for 2026 remains unchanged at 6.5 percent.

♦ The ADB also revised upward its growth outlook for developing Asia and the Pacific for both 2025 and 2026, citing stronger-than-expected exports and reduced trade uncertainty following recent trade agreements with the United States.

♦ Inflation in developing Asia and the Pacific is expected to ease slightly to 1.6 percent this year, compared with the earlier 1.7 percent projection—driven mainly by lower-than-anticipated food inflation in India. The region’s inflation forecast for 2026 remains unchanged at 2.1 percent.