New Delhi, Oct. 29 -- India's economy is estimated to have grown by 7.35 per cent in the July-September quarter of the current financial year (FY27), supported by strong domestic demand, industrial activity and higher consumption, according to the Finance Ministry's October Monthly Economic Review.

The estimate, based on the ministry's nowcasting model, comes after the economy recorded growth of 7.8 per cent in the April-June quarter. The ministry had earlier projected growth of around 7.3 per cent for the second quarter in its September review.

"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," the re...