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India's GDP growth to beat RBI forecast? SBI sees 7.8% expansion in Q2; Moody's raises FY27 outlook

Reported by: Business Today ·

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State Bank of India

Summary

Business Today reported that SBI Research sees India's GDP growing 7.8% in Q2, which would beat the RBI's forecast. SBI Research said economic activity stayed strong in July to September 2026, supported by manufacturing, services, corporate profitability and faster bank credit growth. The same report said Moody's raised its outlook for FY27. GDP, or gross domestic product, is the total value of goods and services produced in the country, and its growth rate shows how fast the economy is expanding. Q2 is the July to September quarter, the second quarter of India's financial year. FY27 is the financial year from April 2026 to March 2027. The RBI's forecast is the central bank's own projection for growth. The report does not give the RBI's figure or the size of Moody's change.

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Business Today  · · Tone +3

India's GDP growth to beat RBI forecast? SBI sees 7.8% expansion in Q2; Moody's raises FY27 outlook

According to SBI Research, India's economic activity remained robust during July–September 2026, supported by manufacturing, services, corporate profitability and accelerating bank credit.

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  • Q2

    Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.

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  • RBI

    The Reserve Bank of India is the country's central bank. Learn how it sets interest rates, regulates banks, manages currency and why its announcements make news.

    Learn: What the RBI does

  • GDP

    GDP is the total value of what a country produces in a period. Learn real vs nominal GDP, how often India publishes it, and how to read "GDP grew 7%" in the news.

    Learn: What is GDP?

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