Industry Odisha Bureau, April 10: The Asian Development Bank (ADB) in its latest report has predicted that India’s growth rate would be “6.9% in 2026”, while it would further go up to “7.3% in 2027”.
The ADB report has also projected that India’s growth rate would “remain relatively robust supported by resilient domestic consumption”.
On the contrary, the ADB report has projected that the growth rate of China and other countries in the Asia-Pacific region would “slump over the next two years (2026 & 2027) owing to the geopolitical headwinds”.
As per the ADB analysis: “Growth in the People’s Republic of China (PRC) is projected to decline to 4.6 per cent this year and 4.5 per cent next year, from 5 per cent last year, with continued property market weakness and slower export expansion expected to weigh on activity,”
Even though the ADB analysis has an assuaging growth projection for India in 2026 and 2027, it has noted: “Most economies in developing Asia and the Pacific will see their growth outlook worsen this year and in 2027,”
The ADB report has attributed such a scenario to the geopolitical tensions as well as uncertainties and volatility ruling the roost in the global trade policies.
