New Delhi, Nov. 18 -- India's economy is expected to have grown by around 7.5 per cent in the second quarter of the current financial year FY26, supported by a pick-up in investment activities, an improvement in rural consumption and the impact of GST rationalization, according to a research report by the State Bank of India (SBI).

The report noted that growth continues to be underpinned by buoyancy in both services and manufacturing sectors, alongside structural reforms that have strengthened demand conditions.

It stated "Based on the estimated model, we obtain a nowcast of real GDP growth of ~7.5% in Q2FY26 with possibility of an upside surprise"

It added that GST rationalization helped unleash a strong festive spirit, which "decisiv...