After robust H1, economists upgrade full-year FY26 GDP forecast to 7.5%

"By the fourth quarter of FY26, the low base effect will wane, and deflator will also increase from the current low levels.

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However, for the full-year FY26, we estimate the GDP growth number to remain strong at 7.5 per cent. Even with the trade-related uncertainties lingering, we expect GDP growth at around 7 per cent in FY27,” she added.

India’s economy expanded at its fastest pace in six quarters, growing 8.2 per cent during the July-September period of FY26, outstripping both official and private forecasts by a significant margin, data released on Friday by the statistics ministry showed. Most economists had expected Q2 GDP expansion to fall within the 7-7.5 per cent range; the Reserve Bank of India (RBI) had projected 7 per cent growth.