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India Q1 FY26 Growth Seen Near 6.6% Ahead of Aug. 29 Data Release

Previews cite government capital spending as the main support.

India Inc. Q1FY26
India’s GDP seen to have grown at about 6.5% in Q1FY26
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Overview

  • A Bloomberg poll pegs April–June GDP growth at 6.6%, aligning with a mid‑6% consensus from recent previews.
  • ICRA estimates GDP at about 6.7%, SBI Ecowrap places it at 6.8%–7%, and DBS forecasts 6.5% with GVA near 6.3%.
  • Gross value added is expected around 6.4%, reflecting a GDP–GVA gap linked to stronger indirect tax collections in the quarter.
  • Analysts point to front‑loaded exports, a good monsoon supporting rural demand, and policy-driven capex as the primary near‑term drivers.
  • Sectoral forecasts flag moderation in manufacturing and broader industry toward roughly 4% GVA and a slower services pace near 6.5%, with official figures due Aug. 29.