India’s Real GDP Growth Projected at 7.2% in Q4 FY26 on Strong Domestic Demand
On the nominal side, SBI expects India’s nominal GDP growth to be around 12.2 percent in Q4 FY26. For FY27, nominal GDP growth is estimated at about 11 percent, based on an assumed deflator of nearly 4.5 percent. These numbers suggest that India’s growth story is not only being driven by real activity but also by relatively firm nominal expansion.