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Business
India's Q2 GDP projected at 7.8%, beating RBI's 7.2% estimate, says SBI Research
✍️ Moneycontrol.com
🗓 12 Nov 2026, 08:41 AM
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SBI Research expects India's second‑quarter GDP to grow at 7.8%, surpassing the Reserve Bank of India's projection of 7.2%.
SBI Research has projected that India's gross domestic product (GDP) expanded by 7.8% in the second quarter of the fiscal year, a pace that exceeds the Reserve Bank of India's (RBI) earlier estimate of 7.2%, according to a report on Moneycontrol.
The higher growth rate, if confirmed, would place the quarter among the strongest expansions recorded in recent years, signalling robust domestic demand and continued recovery from pandemic‑related disruptions. Analysts note that the figure is notably above the RBI's forecast, which has been a key reference point for monetary‑policy decisions.
SBI Research based its outlook on a combination of consumption, investment and export trends observed in the latest data releases. The institution cautioned that the projection remains provisional, pending the official statistical office's final figures, which are expected in the coming weeks.
Market participants are likely to monitor the upcoming GDP numbers closely, as they could influence expectations around interest‑rate policy, fiscal spending and investor sentiment across equity and bond markets.
The higher growth rate, if confirmed, would place the quarter among the strongest expansions recorded in recent years, signalling robust domestic demand and continued recovery from pandemic‑related disruptions. Analysts note that the figure is notably above the RBI's forecast, which has been a key reference point for monetary‑policy decisions.
SBI Research based its outlook on a combination of consumption, investment and export trends observed in the latest data releases. The institution cautioned that the projection remains provisional, pending the official statistical office's final figures, which are expected in the coming weeks.
Market participants are likely to monitor the upcoming GDP numbers closely, as they could influence expectations around interest‑rate policy, fiscal spending and investor sentiment across equity and bond markets.