Overview
- State Bank of India nowcasts nearly 7.5% GDP growth in Q2 FY26, flagging a possible upside on stronger investment and rural demand.
- An Economic Times poll pegs median growth at 7.3% for the quarter, while the Reserve Bank of India estimates 7.0%.
- ICRA projects 7.0% GDP and 7.1% GVA, with industrial GVA near 7.8% as manufacturing outperforms, services moderates to about 7.4%, and agriculture near 3.5%.
- SBI expects November GST receipts to exceed ₹2 lakh crore when including IGST and import cess, citing festive demand and lower rates after the Sept. 22 GST rationalisation.
- Economists highlight GST-led festive stocking and front-loaded exports boosting Q2 activity, even as central capex growth cooled to about 31% from 52% in Q1 and tariff risks weigh on the outlook.