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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
Asian Markets Today: South Korea's Kospi, Japan's Nikkei Pare Losses After Slumping Up To 4%
Asian markets steadied after an initial sell-off triggered by concerns that renewed hostilities in the Middle East could disrupt energy supplies and weigh on global economic growth.
HSBC downgrades Indian stocks to ‘underweight’ as oil shock clouds earnings recovery
HSBC has downgraded Indian equities to "underweight," citing surging energy prices from the Middle East war as a threat to the country's earnings recovery. With Brent crude above $100 a barrel, inflation and growth risks are elevated, making India less attractive than North East Asian peers. Earnings forecasts are expected to be revised lower, and foreign investor concerns are mounting.
Asian stocks stumble as energy shocks intensifty amid escalation in Iran war
Asian stocks fell on Thursday as oil prices surged due to Middle East conflict. Japan's Nikkei 225 dropped 2.4%, and broader Asian markets fell over 1.3%. Brent crude rose above $111 per barrel.
Asian Stocks Decline As Oil's Surge Saps Sentiment: Markets Wrap
Asian equities dropped in early trading Thursday afterattacks onkey energy infrastructure amid an escalating Middle East war drove oil prices higher.
Israel-Iran war: Escalating hostilities in the Middle East risk renewed energy, inflation shocks, Moody's says
Israel-Iran war: Middle East hostilities are escalating, posing significant risks to India and other Asian commodity importers. Disruptions to key energy and trade routes, including the Strait of Hormuz, are driving up oil prices and threatening to worsen inflation and trade balances. This renewed instability casts a shadow over economic outlooks, particularly for debt-burdened emerging economies.
Asian stocks rise, oil falls on Iran deal expectations
Brent dropped over 4.6% to about $98.70 a barrel, the lowest level in more than two weeks as an agreement is expected to help resume the flow of energy through the vital Middle East artery.