India's Q2 GDP Poised for 7.5%+ Growth Driven by Festive Sales and GST Cuts, SBI Report Reveals

Overview

An SBI Research report forecasts India's GDP growth to reach 7.5% or more in the second quarter of the current fiscal (Q2 FY26). This surge is primarily attributed to robust festive season sales, boosted by a GST rate cut in September. The growth is further supported by improved investment activities, recovery in rural consumption, and buoyancy in the services and manufacturing sectors. The report also projects strong GST collections for November, potentially crossing ₹2 lakh crore.