From Financialexpress · Shubham Rana · · 50s
India Growth Momentum Broadens
BofA Global Research forecasts India's Q2 GDP growth at 7-7.5% amid broadening economic activity.
In brief
BofA Global Research forecasts India's Q2 GDP growth at 7-7.5% amid broadening economic activity. BofA Global Research predicts India's second-half GDP growth will stay stronger than RBI projections despite agricultural headwinds. Originally reported by Financialexpress.
Q1 GDP Growth Forecast
BofA Global Research forecasts Q1 FY27 GDP growth at 7.5% with actual figure at 7.8%.
Q2 Growth Momentum Broadening
High-frequency indicators show growth momentum broadening across sectors despite agricultural headwinds.
Q2 GDP Forecast
BofA expects Q2 FY27 GDP growth at 7-7.5% with strong indicators holding up or strengthening.
Rate Hike Expectations
BofA expects 25-basis-point rate hikes in October and December, followed by one hike each in Q1 and Q2 of next year.
Repo Rate Projection
BofA projects repo rate to reach 6.25% by June next year amid stable domestic growth.
The headline
BofA Global Research predicts India's second-half GDP growth will stay stronger than RBI projections despite agricultural headwinds.
