BofA Boosts India's FY26 GDP Forecast to 7.6% Amid Strong Growth

• Bank of America (BofA) raised India's FY26 GDP growth forecast to 7.6% from 7%.
• The FY27 forecast was also increased to 6.8% from an earlier 6.5%.
• Confidence stems from India's strong 8.2% Q2 growth and improved economic activities.
• RBI's multiple interest rate cuts in 2025 under Governor Sanjay Malhotra boosted business, investment, and consumption.
• Government to release new GDP and inflation series soon, with no significant change expected in overall estimates.

Why It Matters: Global giant BofA raises India's GDP forecast, citing strong economic performance and reforms.