6 publishers · first seen Thu, 29 Oct 2026 00:00 UTC · updated Thu, 29 Oct 2026 20:42 UTC
India's real GDP growth is estimated at 7.35% for the July-September quarter of FY27, according to the finance ministry's nowcasting model, up from 7.8% in the previous quarter. The estimate is 15 basis points higher than the Reserve Bank of India's projection of 7.2% for Q2. The ministry cited sustained domestic demand, investment activity, structural reforms, and recent GST process reforms as key growth drivers, while flagging risks from elevated crude oil prices, food inflation, and uncertainty in the kharif crop outlook.
Global price shocks, particularly from the West Asia conflict affecting energy, metals, and food prices, could impact nominal GDP without altering real output. The finance ministry noted that India's growth resilience has been supported by a resilient financial sector and proactive supply-side management, though uncertainties remain considerable.
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