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India economy growth estimated at 7.35% for Q2 FY27
India’s economy is estimated to have grown by 7.35% in the July-September quarter of fiscal year 2026-27, according to the Finance Ministry’s October Monthly Economic Review. This follows a 7.8% growth rate recorded in the April-June quarter. The estimate, derived from a nowcasting model, is supported by strong domestic demand, industrial activity, and increased consumption.
Key economic indicators for the second quarter include a 15% growth in gross GST collections and a 25% year-on-year increase in domestic automobile sales. While the overall economic momentum remains resilient, the ministry noted risks to inflation from rising crude oil prices, maritime freight disruptions, and potential El Niño impacts on agriculture.
Industrial production, measured by the Index of Industrial Production (IIP), grew 6.7% year-on-year in September 2026, a moderation from the 8% growth seen in August. This slowdown was primarily driven by a 6.2% contraction in the mining and quarrying sector. However, manufacturing output grew by 7.6%, with significant contributions from electrical equipment (33.9%), rubber and plastics (19.9%), and motor vehicles (19.0%).
Entities
EEPC India · Finance Ministry · Finance Ministry of India · India · International Monetary Fund · Ministry of Commerce and Industry · Ministry of Statistics and Programme Implementation · National Statistics Office · Pankaj Chadha · Reserve Bank of India
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Electrical equipment manufacturing grew by 33.9% in September. www.tripurastarnews.com · www.newindianexpress.com
- [● 9 SOURCES] India's real GDP growth for Q2 FY27 is estimated at 7.35%. english.publictv.in · tennews.in · www.devdiscourse.com · www.newsbytesapp.com · www.socialnews.xyz · +4 more
- [○ 1 SOURCE] Engineering goods exports rose 20.91% year-on-year to $12.17 billion in September 2026.
- [● 3 SOURCES] Headline retail inflation (CPI) rose to 5.54% in September 2026. newsable.asianetnews.com · tezzbuzz.com · econotimes.com
- [● 5 SOURCES] Mining and quarrying output contracted by 6.2% in September. hindi.business-standard.com · www.millenniumpost.in · www.newindianexpress.com · www.timesnownews.com · www.liveaaryaavart.com
- [● 6 SOURCES] Manufacturing output grew 7.6% in September. www.tripurastarnews.com · hindi.business-standard.com · www.millenniumpost.in · www.newindianexpress.com · www.timesnownews.com · +1 more
- [● 6 SOURCES] The Index of Industrial Production (IIP) grew 6.7% year-on-year in September 2026. www.tripurastarnews.com · hindi.business-standard.com · www.millenniumpost.in · www.newindianexpress.com · www.timesnownews.com · +1 more
- [● 4 SOURCES] Gross GST collections grew by approximately 15% during the July-September quarter. english.publictv.in · www.zoomnews.in · www.devdiscourse.com · www.india.com
- [● 3 SOURCES] Domestic automobile sales increased by around 25% year-on-year in the second quarter. english.publictv.in · www.devdiscourse.com · www.india.com