ADB Lowers India’s FY26 Growth Forecast to 6.5% Amid US Tariffs, Global Slowdown & Migrant Worker Crisis
ADB Lowers India’s FY26 Growth Forecast to 6.5% Amid US Tariffs, Global Slowdown & Migrant Worker Crisis - Dr.SanjayKumar Pawar Table of Contents Introduction Why the ADB Lowered Its Growth Forecast The Impact of US Tariffs and Policy Uncertainty Global Growth Slowdown: How It Affects India Sectoral Outlook: Services, Agriculture, and Manufacturing India’s Fiscal Position and Inflation Trends Implications for Trade, Investment, and Employment West Bengal Migrant Worker Crisis: A Case Study on Economic Vulnerability What Can Policymakers Do? Expert Opinions and Insights Conclusion FAQs 1. Introduction On July 24, 2025 , the Asian Development Bank (ADB) revised its forecast for India’s FY26 economic growth to 6.5% , down from its earlier 6.7% projection in April 2025 . While a 0.2% downgrade may appear minor, it signals a meaningful shift in India’s economic outlook , especially as the nation battles a volatile global trade environment , US-imposed baseline tar...