Nov. 18 at 6:58 AM
SBI Projects Strong 7.5% GDP Growth for India in Q2 FY26
Q2 FY26 GDP growth nowcast at ~7.5%, with upside potential.
Driven by higher investments, rural consumption recovery, and GST rationalization.
GST collections for Nov 2025 expected at ₹1.49 lakh crore (+6.8% YoY); total receipts may cross ₹2 lakh crore with IGST + cess.
Festive demand surged after GST rate cuts, especially in Sept–Oct 2025.
Credit card spending jumped in auto, grocery, electronics, furnishing, travel, and e-commerce.
Mid-tier cities saw the fastest demand growth, aided by strong online sales.
The official Q2 FY26 GDP numbers for India are scheduled to be released by the National Statistics Office (NSO) on November 28, 2025.
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