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Business
SBI Research projects Q2 GDP growth at 7.8%, outpacing RBI's 7.2% forecast
✍️ News18
🗓 12 Nov 2026, 06:46 AM
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SBI Research estimates India's second‑quarter GDP growth at 7.8%, surpassing the Reserve Bank of India's projection of 7.2%, and anticipates an 11.5% rise in nominal GDP.
SBI Research has projected that India's gross domestic product (GDP) expanded by 7.8% in the second quarter of the fiscal year, a rate notably higher than the 7.2% growth estimate issued by the Reserve Bank of India (RBI). The research house arrived at the figure based on its own assessment of sectoral performance and macro‑economic indicators.
The RBI's forecast of 7.2% has been the benchmark for many market participants, and SBI Research's upward revision suggests a stronger recovery than previously anticipated. Analysts note that the higher growth rate could reflect robust demand in manufacturing and services, as well as continued fiscal stimulus.
In addition to real growth, SBI Research expects nominal GDP to climb by 11.5% year‑on‑year, driven by both real output expansion and price level increases. If confirmed by official data, the numbers would reinforce the view that India's economy is on a resilient trajectory despite global headwinds.
The final government figures are expected later this month, after which the RBI may adjust its policy stance. For now, the SBI estimate adds optimism to the outlook for investors and policymakers alike.
The RBI's forecast of 7.2% has been the benchmark for many market participants, and SBI Research's upward revision suggests a stronger recovery than previously anticipated. Analysts note that the higher growth rate could reflect robust demand in manufacturing and services, as well as continued fiscal stimulus.
In addition to real growth, SBI Research expects nominal GDP to climb by 11.5% year‑on‑year, driven by both real output expansion and price level increases. If confirmed by official data, the numbers would reinforce the view that India's economy is on a resilient trajectory despite global headwinds.
The final government figures are expected later this month, after which the RBI may adjust its policy stance. For now, the SBI estimate adds optimism to the outlook for investors and policymakers alike.