RBI Ups FY27 Q1, Q2 GDP Growth Forecasts Amidst Trade Deals, GST Rationalization

• The Reserve Bank of India (RBI) has revised its GDP growth forecast upwards for Q1 FY27 to 6.9% and Q2 FY27 to 7%.
• This revision is attributed to factors such as new trade deals, GST rationalization, and robust farm output.
• Previously, the RBI had projected 6.7% for Q1 FY27 and 6.8% for Q2 FY27 in December.
• RBI Governor Sanjay Malhotra noted that the Indian economy is on an improving trajectory, with real GDP expected to grow 7.4% in 2025-26.
• Future projections for the full year 2026-27 will incorporate new GDP and CPI series with an updated base year (2024=100) and will be announced in April.