India: Nowcast points to slower expansion – DBS

FXStreetJul 1, 2026 2:52 PM

View all comments（0）



DBS' Senior Economist Radhika Rao with data support from Daisy Sharma, highlights that India’s real Gross Domestic Product (GDP) grew 7.8% year-on-year in 1Q26, slightly below the revised 8.0% in 3QFY26. The Nowcast model points to softer momentum ahead, with growth seen easing in 2Q26 and full-year 2026 GDP projected below 2025 levels.

Growth moderation signaled

"This week’s featured insight is on GDP Nowcast, which is best viewed as an estimate of real GDP growth based on available economic data and forecasts for the current quarter."

"Today we focus on India’s real GDP for 1Q26 (4QFY26), released earlier this month."

"The economy grew 7.8% yoy from a revised 8.0% in 3QFY26 (Oct-Dec25)."

"As per the Nowcast model, growth is expected to moderate to 6.9% in 2Q26 (1QFY27), driven by softer industrial activity, freight traffic, sales of farm tractors and commercial vehicles."

"We expect 2026 growth to average 6.5% (CY) from 7.8% in 2025."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Gold Price Forecast: Can Gold Still Rise Above $4,300 Ahead of July Non-Farm Payrolls?

TradingKey - As of the European session on August 7, gold prices (XAUUSD) extended their recent strong performance, rising more than 1% intraday and briefly surpassing the $4,300 mark. With a cumulative weekly gain of over 6%, gold is on track to record its largest single-week increase since January. As the market awaits the release of U.S. July non-farm payroll data, investors are re-evaluating whether a Federal Reserve rate hike in September remains necessary, placing gold in a critical phase for its next near-term directional move.

AMD Acquires Chip Startup Taalas; Can It Challenge Nvidia’s AI Dominance?

TradingKey - On August 6, Eastern Time, AMD (AMD) announced the acquisition of Toronto-based AI inference chip startup Taalas. AMD shares closed at $489.28 that day, up 1.5%.

US Stocks Close: Dow Drops 0.85% to End Five-Day Winning Streak; Memory Stocks Slump as Western Digital Falls 13%, SanDisk Drops 6% Post-Earnings

Market sentiment weakened following reports that Fed Chairman Warsh is considering a September rate hike and ahead of the non-farm payrolls report scheduled for release on August 7 ET. The three major indices all declined, with memory stocks suffering losses while oil stocks gained. At the close, the Dow Jones Industrial Average fell 0.85% to 53,885.10 points; the Nasdaq Composite Index dropped 0.06% to 26,348.35 points; and the S&P 500 Index declined 0.18% to 7,709.96 points.

July Nonfarm Payrolls Preview: Job Growth May Remain Low; How Will US Stocks, Dollar, and Gold React?

TradingKey - The U.S. Bureau of Labor Statistics will release the July non-farm payrolls report at 8:30 AM ET on August 7. Current market focus is centered not only on employment growth but also on the unemployment rate, average hourly earnings, and whether data from the previous two months will be revised downward again. These indicators will directly impact Federal Reserve rate hike expectations for September, as well as the trajectory of U.S. stocks, the U.S. Dollar, and gold (XAUUSD).

SanDisk Fiscal Fourth-Quarter Revenue Beats Estimates, Rising 372% to $8.965 Billion

On August 5, Eastern Time, SanDisk (SNDK) released its fourth quarter fiscal year 2026 earnings report during US after-hours trading. Following the results, SanDisk's stock price at one point fell more than 8%. As of press time, the gain narrowed to around 4%, trading at $1,287.67.

Featured Tools