RBI raises GDP growth projection of Q1, Q2 of FY27
The Hindu
RBI boosts GDP growth forecasts for FY27's Q1 and Q2 to 6.9% and 7%, citing trade deals and strong agriculture.
The Reserve Bank on Friday (February 6, 2026) revised upwards GDP growth forecast for the first quarter of the next fiscal year to 6.9% and 7% for the subsequent three months on the back of trade deals, GST rationalisation, and robust farm output.
In December, the RBI had projected real GDP growth for the June quarter of 2026-27 at 6.7% and 6.8% for the July-September period.
Projections for the full year 2026-27 will be announced in the next monetary policy statement in April after taking into account the new GDP and CPI series with updated base year (2024=100).
"The Indian economy continues on a steadily improving trajectory, with real GDP poised to register significantly higher growth of 7.4 per cent in 2025-26, as compared to the previous year. Amidst global headwinds, private consumption and fixed investment supported growth," RBI Governor Sanjay Malhotra said while unveiling the monetary policy.
Going forward, he said economic activity is expected to hold up well in 2026-27.
Agricultural activity will be supported by healthy reservoir levels, robust rabi sowing, and improvement in crop vegetation conditions.
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