Finance ministry estimates India’s Q2 FY27 GDP growth at 7.35%
The estimate is supported by stronger industrial output, GST collections and automobile sales, while global inflation and crude oil risks remain a concern.
- On Thursday, India's Ministry of Finance's nowcasting model estimated real GDP growth at 7.35% for Q2 FY27, following 7.8% growth in the first quarter.
- Stronger industrial output, energy consumption, port traffic, GST collections, and automobile sales drove the estimate, with high-frequency indicators recording improved momentum in Q2 FY27.
- The Ministry of Statistics and Programme Implementation will release official second-quarter GDP data on November 30, as policymakers focus on sustaining economic activity while safeguarding price stability.
- Household inflation surged to 5.54% in September from 4.83% in August, while elevated crude oil prices and West Asian transit disruptions pose ongoing upside risks to input costs.
- While the International Monetary Fund projects global growth to slow to 3.1% in 2026, India's momentum has held firm, with the IMF raising its FY27 forecast to 7%.
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Despite global challenges, India's external sector remains in a strong position. The country's foreign exchange reserves are stable due to Reserve Bank of India (RBI) policies and strong capital inflows.
Indias economy estimated to grow 7.35% in July-September quarter: Finance Ministry - The Tribune
India's economy is estimated to have grown by 7.35 per cent in the July-September quarter of the current financial year (FY27), supported by strong domestic demand, industrial activity and higher consumption, according to the Finance Ministry's October Monthly Economic Review.
India's economy estimated to grow 7.35% in July-September quarter: Finance Ministry
India's economy is estimated to have grown by 7.35 per cent in the July-September quarter of the current financial year (FY27), supported by strong domestic demand, industrial activity and higher consumption, according to the Finance Ministry's October Monthly Economic Review.
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