New Delhi, Aug. 11 -- SBI Research expects India's real GDP growth to rise to 8 per cent in the first quarter of financial year (FY)27, above the Reserve Bank of India's 7 per cent projection, with a broad set of economic indicators pointing to stronger momentum across consumption, industry and services.

The research report said 86 per cent of the 50 leading indicators it tracks showed acceleration in Q1 FY27, compared with 69 per cent in the same quarter a year ago. SBI Research said its nowcasting model, which uses 54 high-frequency indicators across agriculture, industry and services, also supports the 8 per cent growth estimate.

The report said consumption and demand remained resilient during the April-June quarter. Domestic passeng...