India’s real GDP growth for Q3FY26 could exceed 8%: SBI report
According to the report, high-frequency indicators point to resilient economic activity during Q3 FY26.
According to the report, high-frequency indicators point to resilient economic activity during Q3 FY26.
Currency in circulation (CiC) in India reached an all‑time high of about Rs 40 lakh crore by January 2026 end, with year‑on‑year growth accelerating to 11.1 per cent from 5.3 per cent last year, a report said on Monday.
An analysis by SBI Research suggests that applying the new weights to existing indices could raise headline CPI inflation marginally by 20–30 basis points, while periods of high food inflation may see the revised CPI lower by a similar margin.
SBI Research projects nominal GDP growth of around 10.5–11 per cent for FY27, factoring in the potential spillover of higher global commodity prices into wholesale inflation.
In its “Prelude to Union Budget 2026–27”, SBI Research projects India’s fiscal deficit at around 4.2 per cent of GDP in FY27, supported by nominal GDP growth of 10.5–11 per cent, despite potential inflationary pressures from global commodities.
As per the report, the government has estimated the net fiscal impact of GST rates rationalisation at Rs 48,000 crore on an annualised basis
Indian businesses and Firms would do well to reinvigorate the “Made In India” as a hallmark of unquestionable Quality, the report suggested.
The withdrawal of Rs 2,000 banknotes is likely to be a non-event as India has adopted digital payments on a mass scale, said SBI Research in its latest Ecowrap.
The moderation in the country's retail inflation in April has validated the Reserve Bank of India's (RBI) decision to pause the repo rate in its first 2023 monetary policy meeting, according to SBI Research.
Former RBI governor Raghuram Rajan earlier remarked that the economic growth of India was close to 'Hindu rate of growth'
