[Bank of America expects India’s third-quarter GDP growth to reach 7.7%, with upward risks in fiscal year 2027] November 11, Bank of America economists Rahul Bajoria and Smriti Mehra said in a report released on Tuesday night that the bank expects India’s economy to grow by 7.7% year-on-year in the third quarter of 2026, higher than the previous expectation of 7.2%. The total value added in the third quarter is expected to increase by about 8.1% year-on-year, with the industrial and service industries providing support, and agricultural growth expected to be flat. The GDP growth forecast for fiscal year 2027 is maintained at 7.4%, and it is believed that there are slight upward risks; the forecast for fiscal year 2028 remains at 7.5%. The manufacturing industry is expected to grow by about 12% year-on-year in the third quarter, and the construction industry is expected to grow by about 7%. The Reserve Bank of India is expected to raise interest rates by 75 basis points in the next six to nine months, which may curb consumer demand to a certain extent.