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India Q2 GDP Preview: Festive Boost, Manufacturing Surge Can Lift FY26 Growth Outlook To 7%, Says Nirmal Bang

Nirmal Bang revises FY26 GDP growth estimate upwards to 7% from 6.5% supported by a better-than-expected growth in Q2 FY26 and strong festive demand.

<div class="paragraphs"><p>Agriculture and allied sector growth is projected at 3.5% in Q2 FY26 supported by healthy Kharif sowing and a good Rabi harvest.</p><p>  (Source: pxhere.com)</p></div>
Agriculture and allied sector growth is projected at 3.5% in Q2 FY26 supported by healthy Kharif sowing and a good Rabi harvest.

(Source: pxhere.com)

Nirmal Bang expects India’s GDP growth for Q2 FY26 at 7%, higher than its earlier estimate of 6.5%, supported by strong festive demand and robust manufacturing activity. The brokerage has also revised FY26 GDP growth upward to 7% from 6.5%, citing better-than-expected performance in the second quarter.
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