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Stronger Rural Activity Drives Upward Revision in India’s Q2 GDP Forecast
India’s Q2 GDP growth forecast was revised to 7.
India’s GDP growth for the second quarter has been revised upward to 7.3%, supported by steady rural demand, improving agricultural output, and sustained government capital expenditure. Analysts noted that various high-frequency indicators, including power consumption, freight movement, and manufacturing PMI trends, point toward continued resilience in underlying economic momentum.
Economists also highlighted that ongoing infrastructure projects and improving financial conditions have strengthened consumption and investment patterns. The upgraded outlook positions India as one of the fastest-growing major economies for the quarter.