The Reserve Bank of India on Friday revised upward its GDP growth projections for the first two quarters of FY27, citing support from trade agreements, GST rationalisation, and strong agricultural output.

The central bank now expects real GDP growth to be 6.9 percent in the April–June quarter of FY27 and 7.0 percent in the July–September quarter. This marks an upward revision from its December estimates of 6.7 percent and 6.8 percent, respectively, for the same periods.

The RBI said projections for full-year GDP growth in FY27 will be announced in the April monetary policy, after factoring in the new GDP and CPI series with the updated base year of 2024=100.