India’s Q2 growth gets GST & rural push as SBI predicts a near 7.5% print

The report stated, “Based on the estimated model, we obtain a nowcast of real GDP growth of ~7.5% in Q2FY26 with possibility of an upside surprise.” It added that GST rationalisation helped trigger a strong festive mood, which “decisively showcased triumph of hope over hype.”According to the report, indicators across agriculture, industry and services have shown clear acceleration. The share of leading indicators that reflect growth in consumption and demand rose to 83% in the second quarter, up from 70% i ...