India will release its Q2 GDP data on November 30. Days before the government release, Bank of America (BoFA) Global Research has raised its Q2 FY27 GDP growth estimate to 7.7% year-on-year (YoY), from its earlier projection of 7.2%. According to BofA industrial and services activity will offset weakness in the agriculture sector. “The growth momentum in India appears quite resilient, however, the downside risks to activity appear largely global in nature,” BofA said. The brokerage estimates gross value added (GVA) growth at 8.1% in Q2FY27. India’s nominal GDP growth is estimated at 13.9% YoY in Q2FY27, which would be its highest level in almost four years.