Current Affairs - Economy - Discussion

India’s real GDP growth for the second quarter of FY 2026–27 (Q2 FY27) was estimated at 7.35% by the Finance Ministry in its economic report released on October 29, 2026. This estimate represents a slight slowdown compared to the 7.8% growth recorded in the first quarter. The ministry used a nowcasting framework based on indicators such as industrial production, fuel consumption, GST collections, port activity and vehicle sales. The estimate provides an early indication of economic performance rather than an official GDP figure. Global inflation, crude oil prices and geopolitical tensions were identified as potential risks to economic growth.