The Reserve Bank of India (RBI) expects real GDP growth to come in at 7% for Q3 FY26, Governor Shaktikanta Das announced during the policy briefing. The projection reflects continued economic resilience supported by domestic demand and improving manufacturing indicators.
This follows the RBI’s upward revision of full-year FY26 GDP growth to 7.3%, from its previous estimate of 6.8%, signalling a stronger outlook for the economy.
The Governor noted that high-frequency data suggests economic activity is holding up well, even as some leading indicators show signs of weakness. Manufacturing activity is improving, while the services sector remains steady, with services exports expected to remain robust. Merchandise exports, however, continue to face headwinds from global conditions.
Despite these variations, the Governor stated that there remains policy space to sustain growth, reinforcing the RBI’s supportive stance.
