The Asian Development Bank (ADB) has revised India's GDP growth projection for the current fiscal year down to 6.5% from the earlier estimate of 7%. This adjustment is attributed to lower-than-expected industrial growth and sluggish government spending. Additionally, ADB has also lowered its growth forecast for the fiscal year 2025-26 to 7% from the previous projection of 7.2%, citing a subpar increase in private investment and the impact of tight monetary policy on housing demand.