RBI Boosts India's Economic Outlook: FY27 Q2 GDP Estimate Rises to 7%

• The Reserve Bank of India (RBI) has revised India's economic growth estimates upwards, signaling a stronger economic trajectory.
• FY27 Q2 GDP growth estimate increased from 6.8% to 7%, reflecting greater confidence in future economic activities.
• FY27 Q1 GDP growth estimate also revised upwards from 6.7% to 6.9%, indicating robust short-term economic pace.
• Key drivers for this positive outlook include improved corporate sector performance, positive signals from the IT sector, high capacity utilization, favorable financial conditions, and government infrastructure focus.
• Potential risks include spillover effects from geopolitical tensions, though new trade deals (India-EU FTA, India-US trade deal) are expected to boost exports.