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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.
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.