3 publishers · first seen Thu, 29 Oct 2026 00:00 UTC · updated Thu, 29 Oct 2026 12:37 UTC
India's economy is estimated to have grown by 7.35 per cent in the July-September quarter of FY27, down from 7.8 per cent in the April-June quarter, according to the Finance Ministry's October Monthly Economic Review. The estimate, based on the Department of Economic Affairs' nowcasting model, aligns with the 7.3 per cent projection given in the September review. Key indicators such as industrial output, electricity consumption, port traffic, GST collections, and automobile sales showed stronger growth in the second quarter. Gross GST collections rose by around 15 per cent year-on-year, and domestic automobile sales increased by about 25 per cent.
The ministry highlighted robust domestic demand, sustained investment activity, a resilient financial sector, and supply-side management as drivers of growth resilience. Global agencies including the International Monetary Fund and the Reserve Bank of India have projected India's growth at 7 per cent and 7.1 per cent respectively for FY27. Challenges remain, including elevated crude oil prices, geopolitical tensions, food inflation, and uncertainty around the kharif crop.
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