India's economy shows resilience with 7.2% real GDP growth expected in Q4FY26, according to SBI's latest analysis. The full fiscal year 2025-26 is projected to achieve 7.5% growth despite global headwinds. Strong rural consumption, supported by both agricultural and non-farm sectors, continues driving momentum alongside steady urban consumption bolstered by fiscal stimulus. Looking forward, FY27 real GDP growth is estimated at 6.6%, moderating slightly due to geopolitical uncertainties. Nominal GDP growth for Q4FY26 is forecasted at 12.2%, with FY27 nominal growth around 11%. While global growth slowed to 3.1%, the IMF raised India's 2026-27 projection to 6.5%, underscoring strong domestic demand as a key economic pillar during uncertain times.
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