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ADB trims India's growth projection to 6.6% reflecting elevated energy prices
Asian Development Bank on Thursday lowered India's GDP growth projection to 6.6 per cent as against 6.9 per cent estimated earlier for the current fiscal on concerns of higher energy prices fuelled by the Middle East crisis. Despite the growth moderation, India still continues to be the fastest-growing major economy in the world, ADB said. India's GDP growth forecasts are revised down to 6.6 per cent for FY2026 (ending 31 March 2027) and maintained at 7.3 per cent for FY2027, Asian Development Outlook (ADO) July 2026 said. Growth will be supported by policy interventions to attract more foreign capital, as well as fuel tax cuts, targeted credit support, strong services exports, and public capital expenditure. The FY2027 growth forecast remains unchanged from April, underpinned by improved global conditions and export competitiveness gained through trade agreements with various partners. However, risks tilt to the downside driven by heightened geopolitical tensions, or weather-induced
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ADB Projects India's FY27 Growth At 6.6%, Outpaces IMF Estimate Amid Middle East Conflict Risks
The growth will be supported by policy interventions to attract more foreign capital, as well as fuel tax cuts, targeted credit support, strong services exports, and public capital expenditure.
JBM Ecolife raises Rs 900 crore from Motilal Oswal Fund for biz expansion
JBM Ecolife Mobility, JBM Auto's electric mobility arm, secured ₹900 crore from Motilal Oswal Private Credit via debt and equity. This funding will bolster its electric bus expansion, enabling participation in tenders and execution of contracts. The capital infusion is projected to scale the platform to nearly 5,000 buses from its current 2,000.
ASK Property Fund to raise ₹3,500 cr amid surge in demand for private credit
ASK Property's new fund will offer solution capital, as well as growth capital for acquisitions, including the purchase of projects stalled in NCLT or with established approvals
Indian banks more exposed to West Asia crisis among APAC region: Moody's
Indian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing credit stress. Non-bank lenders with unsecured retail loans are particularly vulnerable. Despite these pressures, Indian banks possess strong capital buffers.