SBI Research Projects India’s FY26 GDP Growth at 7.5%
On January 7, 2026, the State Bank of India’s (SBI) Economic Research Department released its Ecowrap report, projecting India’s GDP growth for fiscal year 2025-26 (FY26) at 7.5% with an upward bias, slightly above the 7.4% first advance estimate provided by the National Statistical Office (NSO).
On January 7, 2026, the State Bank of India’s (SBI) Economic Research Department released its Ecowrap report, projecting India’s GDP growth for fiscal year 2025-26 (FY26) at 7.5% with an upward bias, slightly above the 7.4% first advance estimate provided by the National Statistical Office (NSO).
- What? GDP growth projected at 7.5% for FY26 (SBI)
- By Whom? State Bank of India (SBI) Economic Research Department
- Report: Ecowrap report
- NSO Estimate: 7.4% (First Advance Estimates)
- RBI Projection: 7.3%
Report Significance:
The research report by SBI said the difference between the RBI’s estimate and NSO’s estimate is always in the range of 20-30 bps and, hence, the 7.4 per cent estimate of FY26 is quite expected and reasonable.
India GDP Overview FY26:
Real GDP: NSO estimates real GDP at Rs 201.90 lakh crore, growing 7.4% in FY26.
Nominal GDP: Projected to expand by 8.0% to Rs 357.13–357.14 lakh crore.
RBI Projected: 7.3% for the same financial year (FY 2026).
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