0222 GMT - Nomura economists raise their projections for India's fiscal 2026 GDP growth to 7.5% from 7.0% previously, after a strong GDP print for the three months ended September. 2Q GDP growth rose to 8.2% on year from 7.8% in 1Q, exceeding expectations. However, sequential GDP growth was largely unchanged at 1.8% compared with 1.7% in 1Q. While fixed investment, government spending and net exports eased, GDP growth was supported by an improvement in private consumption, the economists say. Although real GDP growth averaged 8% in 1H, the economists note that urban income growth remained weak, industrial production growth was low, and the external sector remained under pressure from steep U.S. tariffs. Nomura retains its call for a 25bp rate cut by the Reserve Bank of India this month. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

November 30, 2025 21:22 ET (02:22 GMT)

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