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India growth outlook improves after strong quarterly data
India’s GDP outlook improved after Bank of America raised growth forecasts following strong consumption-led quarterly performance.
Bank of America raised India’s FY26 GDP growth forecast to 7.6% from 7% and FY27 to 6.8% following stronger than expected economic performance. The revision followed an 8.2% GDP expansion in Q2, supported by resilient consumption trends. Markets also tracked global macro events including PMI releases and US manufacturing data scheduled for January 5.