State Bank of India (SBI) projects India's real GDP growth at 7.2% for Q4FY26

Key facts

• State Bank of India (SBI) expects India's real GDP growth to reach nearly 7.2 per cent in the final quarter of the 2025-26 fiscal year.
• The SBI projects the full-year GDP growth for FY26 to be 7.5 per cent and for FY27 to be 6.6 per cent.
• Nominal GDP growth is estimated at 12.2 per cent for Q4FY26 and approximately 11 per cent for the 2026-27 fiscal year.
• The International Monetary Fund (IMF) has projected India's growth at 6.5 per cent for 2026-27 and the world growth forecast at 3.1 per cent for 2026.
• The Reserve Bank of India (RBI) has indicated it will actively intervene to manage liquidity amid inflation volatility caused by crude oil prices and possible El Nino conditions.