SBI Report: India’s GDP Growth at 7.5% in Q2 FY26

Current Context: The State Bank of India’s (SBI) Research Department released its flagship economic report Ecowrap on November 18, 2025, projecting India’s GDP growth at 7.5% in Q2 FY26 (July–September 2025).

• The report highlights strong investment activity, recovery in rural demand, and the impact of GST rationalisation that boosted consumption, especially during the festive season.
• It notes buoyancy in both services and manufacturing sectors, reflecting structural reforms that strengthened demand conditions.
• Importantly, the report points out that inflation fell to a record low of 0.25% in October 2025, which further supported household purchasing power.
• SBI expects India’s overall GDP growth for FY26 to be around 7.2–7.3%, indicating robust momentum despite global uncertainties.

Question:

Q.1 According to SBI’s Ecowrap released on 18 November 2025, what is the projected GDP growth for India in Q2 FY26 (July–September 2025)?
a) 7.5%
b) 7.0%
c) 6.8%
d) 8.1%

Answer: a) Ecowrap pegs Q2 FY26 growth at 7.5%, driven by investment activity and strong consumption.