SBI Research Estimates Q1 FY27 Growth at Around 7%

 SBI Research Estimates Q1 FY27 Growth at Around 7%

Key Points

• SBI Research projected India's Q1 FY27 GDP growth at around 7%.
• This is above RBI's earlier projection of 6.6%.
• Positive indicators included:
  • Passenger vehicle sales: +24.1% YoY
  • Electricity demand: +11.5%
  • Exports: +15.5%
  • IIP: +7.3%
• Q1 FY27 inflation was reported at 3.9%.
• SBI Research projected full-year FY27 inflation around 5%.
• RBI's CPI inflation target range: 2–6%.
• Improved monsoon conditions and reservoir levels were expected to support economic activity.

UPSC Focus: GDP + CPI + IIP + RBI inflation target + monsoon-economic link.