Indian Economy May Outperform Estimates: Good news is coming out about the Indian economy. Experts predict that GDP will pick up again in the second quarter. A growth of 7.8% was recorded in the last quarter. Now it is expected that this time also the economic performance of the country will be excellent.

Waiting for GDP figures

Economists and industrialists across the country are waiting for the second quarter GDP data to be released by NSO today. Despite US tariffs and a weak global environment, reports claim that India’s GDP may grow at a pace of more than 7% in the September quarter.

Great performance in the first quarter

In the first quarter of the financial year 2024-25, the country’s GDP grew at a fast pace of 7.8%. Experts believe that the Indian economy continues to perform well due to strong domestic demand and controlled inflation.

Positive signs in SBI report

According to the latest report of SBI, the economy is getting strengthened due to increase in investment activities, improvement in consumption in rural areas and growth in service and manufacturing sectors. The report said that GST 2.0 reforms may also have a positive impact on domestic demand and private consumption.

The report states that the bank is tracking 50 key economic indicators, which are pointing towards an increase in growth. While 70% of the indicators were bullish in the first quarter, this figure has reached 83% in the second quarter.

GDP estimated to be 7.5%-8%

Based on the estimation model, SBI has believed that GDP growth in the second quarter may be around 7.5%-8% and GVA (Gross Value Added) may be around 8%.

exposure to global challenges

However, volatile global commodity markets and international trade barriers remain challenges for the future. Despite this, the report says that India’s short-term economic outlook will remain strong.

CARE Ratings Assessment

Meanwhile, CARE Ratings Economic Meter showed a growth rate of 3.2% for the second quarter, slightly lower than 3.3% in the first quarter.

Overall, experts believe that India can maintain economic strength in the coming months.