Current Affairs - Economy - Discussion

SBI Research projected India’s real GDP growth at 8% for the April-June quarter (Q1 FY27), exceeding the Reserve Bank of India’s projection of 7%. The forecast was based on a Nowcasting Model using 54 high-frequency indicators covering agriculture, industry, and services. Economic activity showed broad improvement, with 86% of 50 leading indicators recording growth. IIP growth accelerated to 7.3% in June, while services exports and airport cargo traffic also recorded strong growth. The report highlighted robust industrial activity, credit growth, and government capital expenditure as key factors supporting the growth outlook.