India’s GDP Outlook: Amidst global uncertainties and ongoing turmoil in the economic sector, a relief news has emerged for the Indian economy. According to a research report by State Bank of India (SBI), India’s economic growth rate may reach around 7.5 percent in the second quarter of financial year 2026 due to GST reforms, increasing demand in rural areas and strong investment activities.
According to news agency ANI, due to strong performance and reforms in the service and manufacturing sectors, demand remains bullish, due to which this pace can continue in future also. The report also said that due to the reduction in GST rate, a significant increase in purchases was recorded during the festive season.
Great growth in three sectors
It has been said in the SBI report that significant growth has been seen in all three sectors – agriculture, industry and services. Due to the uptick in economic activities, consumption and demand, which was 70 percent in the first quarter, increased to about 83 percent in the second quarter.
Along with this, GST collection in November 2025 is estimated to be around Rs 1.49 lakh crore, which will be about 6.8 percent more than last year. If IGST and cess imports worth Rs 51,000 crore are also added to this, the total GST collection can cross Rs 2 lakh crore.
Clear signs of boom in the economy
The primary indication of economic growth comes from increase in consumer spending. Credit and debit card transactions have seen a sharp rise, especially in the auto, grocery and electronics categories, especially in the e-commerce segment. According to city-wise data, positive trends related to e-commerce have been strongest in mid-tier cities, indicating changing consumer patterns.
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