SBI Research Projects India’s FY26 GDP Growth at 7.5%: Key Highlights of Ecowrap Report
India’s economic growth outlook received a positive push as the State Bank of India (SBI) Economic Research Department projected that India’s GDP growth for FY 2025–26 (FY26) will be 7.5% (with an upward bias). This projection was published in SBI’s well-known Ecowrap report released on January 7, 2026.
Notably, SBI’s estimate is slightly higher than the 7.4% First Advance Estimate given by the National Statistical Office (NSO), and also above the Reserve Bank of India (RBI) projection of 7.3% for the same fiscal year. This makes the report an important current affairs topic for UPSC, SSC, Banking, Railways, and State PSC exams.
SBI’s report explained an important observation: the difference between the RBI’s estimate and NSO’s advance estimate generally remains within 20–30 basis points (bps).
Key takeaway:
According to the NSO:
This indicates strong performance in core economic activity after adjusting for inflation.
Nominal GDP (includes inflation effect) is expected to rise faster:
Nominal GDP matters greatly for government budgeting, tax revenues, fiscal deficit calculations, and policy planning.
| Institution | FY26 GDP Growth Projection |
|---|---|
| SBI (Ecowrap Report) | 7.5% |
| NSO (First Advance Estimate) | 7.4% |
| RBI | 7.3% |
This comparison is highly useful for exam MCQs and interview discussions.
India’s long-awaited human spaceflight dream is entering its most critical phase. With safety and reliability…
A small village in Nagaland has once again turned the spotlight on rural prosperity through…
Sunflowers are bright, tall flowers that bring color and life to the land where they…
Gujarat took a major step toward strengthening village-level governance. Chief Minister Bhupendra Patel launched the…
India’s agriculture sector is entering a new phase where soil health, micronutrients, and sustainable inputs…
Sunetra Pawar set to took oath as the Deputy Chief Minister of Maharashtra on January…