The finance ministry’s nowcasting model estimates India’s economy will grow 7.35% in FY27, according to its monthly economic report published on Thursday, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales. "Following real GDP growth of 7.8 per cent in Q1 FY27, the Department’s nowcasting model, introduced in the Economic Survey 2025-26, nowcasts real GDP growth of 7.35 per cent in Q2 FY27."