India Nowcasts 7.35% 2Q Growth But Flags Crude, Food And Kharif Risks In Monthly Review
NDTV Profit 2 hrs ago·29 Oct 2026, 9:53 am
The government has revised its estimate for India's second-quarter GDP growth to 7.35% for the current fiscal year. This figure comes from a 'nowcasting' model that uses real-time data to predict economic performance, rather than waiting for official results. The estimate is slightly lower than the 7.8% growth recorded in the previous quarter, signaling a potential slowdown in the pace of expansion.
This news is significant for investors as it provides an early view of the economy's health. While the growth rate remains strong, the government has flagged risks from global crude oil prices, food inflation, and the upcoming kharif sowing season. These factors could influence market sentiment and corporate earnings in the coming months.
Investors should watch for official government data releases next month to confirm this trend. Additionally, keeping an eye on global commodity prices and monsoon progress will be crucial for assessing the sustainability of this growth outlook.
Key takeaways
- Category: Economy.
- Flagged as a high-impact, market-moving story.
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