New Delhi, Dec. 5 -- The Reserve Bank of India's Monetary Policy Committee (MPC) on Friday raised its GDP growth projection for FY2025-26 to 7.3%, up from the earlier estimate of 6.8%.

For Q3 FY26, the RBI increased its growth outlook to 7.0% from 6.4%, and for Q4 FY26, it revised the estimate to 6.5% from 6.2%. The committee also raised its forecast for Q1 FY27 to 6.7% from 6.4%, while projecting growth for Q2 FY27 at 6.8%.

The revisions come on the back of GDP growth outperforming expectations in the September quarter. India's economy outperformed during July-September, recording an 8.2% expansion - the fastest in six quarters - driven by a jump in consumer spending boosted by lower GST rates introduced late in the quarter.

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