Economic dataFinancial Express
BofA hikes India Q2 GDP estimate to 7.7%
Positive+37
GreyOak summary
Bank of America raised its Q2 FY27 GDP growth estimate for India to 7.7% year-on-year, citing resilient industrial and services activity. The brokerage expects nominal GDP growth to reach 13.9%, its highest in four years. However, BoFA flagged risks from potential crude oil price hikes, El Nino effects, and an anticipated 75 basis point RBI rate hike.
What it affects
- GDP growthPositive +37
Q2 FY27 GDP estimate raised to 7.7% YoYRolling sentiment Positive +52
- RBI policy rate and stanceNegative -26
RBI expected to hike 75 bpsRolling sentiment Negative -44
- Brent crudeNegative -26
Higher prices flagged as downside riskRolling sentiment Neutral +11
