India's Economy Poised for ~7.5% GDP Growth in Q2 FY26, SBI Nowcast Suggests Upside Potential

Overview

State Bank of India's research projects India's real GDP growth to be around 7.5% for the second quarter of fiscal year 2026. This growth is expected to be driven by increased investment, improved rural consumption, and the positive effects of GST rationalization. Leading indicators show broad-based economic improvement, with potential for even higher growth if current momentum continues.