State Bank of India (SBI) projects Q1 GDP growth at 8%

Key facts

• State Bank of India (SBI) research projects India's GDP growth at 8% for the April-June quarter of FY27.
• The SBI projection is sharply higher than the Reserve Bank of India's (RBI) forecast of 7% for the same quarter.
• SBI's nowcasting model tracks more than 50 leading indicators across consumption, agriculture, industry, and services.
• About 86% of these indicators showed growth in April-June, compared with 69% a year ago.
• SBI attributed the growth to resilient consumption, strong government capital expenditure, and satisfactory industrial activity.
• India's GDP grew 7.8% in the January-March quarter and 6.8% in the April-June quarter of 2025.
• The government is scheduled to release April-June GDP data on August 31.