India’s Updated Q2 GDP Projection Signals Strong Momentum Despite Sequential Softening

India’s Q2 GDP projection was lifted to 7.3%, supported by capex, improving indicators, and rural demand recovery.

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India’s Updated Q2 GDP Projection Signals Strong Momentum Despite Sequential Softening

India’s Updated Q2 GDP Projection Signals Strong Momentum Despite Sequential Softening
India’s GDP growth forecast for the second quarter has been revised to 7.3%, down from the previous quarter’s 7.8%, but still reflecting resilient domestic momentum. Economists attribute the projection to rising capital expenditure, government-backed infrastructure rollout, and improved industrial indicators. Rural demand recovery and stabilizing supply-chain conditions also contributed to the supportive macro backdrop. 
Analysts believe the forecast positions India among the best-performing major economies globally, despite external headwinds and tightening financial conditions internationally.