India's Gross Domestic Product (GDP) growth is expected to be\u00a07.5%-7.6% in the July-October quarter of the financial year 2018-19 as against 8.2% registered in the previous quarter, a report by SBI Research has said. Earlier, rating agency ICRA had said that it expects the GDP growth to slow down to 7.2%. The robust GDP growth number in Q1 was\u00a0due to a favourable base effect, which may also be seen in Q2. "We estimate that the base impact on Q2 GVA growth is around 30 bps. Based on tax collections, we subsequently expect Q2 GDP growth at 7.5%-7.6%," the report said. "We also believe that the growth numbers in Q2 will be helped by a weak base in Q2FY18," the report added. GDP Q2 Estimates \u00a0 GDP growth (%) \u00a0 GVA growth (%) \u00a0 Q1 8.2 8 \u00a0 Q2 (SBI) 7.5-7.6 7.3-7.4 \u00a0 Q2 (ICRA) 7.2 7.1 ".a basket of 21 leading indicators for Q2FY19 is showing a marginal declining trend. Consequently, the headline Q2 GVA growth could be 7.3%-7.4%, due to the slowing of rural demand," SBI Research said in its report EcoWrap. Also Read:\u00a0A massive fall in India\u2019s GDP growth likely in July-Sep quarter; here\u2019s why However, it added, commercial vehicle sales,\u00a0domestic air passenger traffic and cement production have maintained double-digit growth during the quarter, which will push up the GVA number for the second quarter of FY19. Estimating a 7.1% GVA growth in Q2, ICRA's\u00a0Principal Economist Aditi Nayar said that the effect of the uneven and sub-par monsoon and instances of crop damage will be reflected in GVA as agricultural growth is likely to be muted. The rating agency estimated that agricultural growth will\u00a0to slow down to 3.5% in Q2 from 5.3% in Q1.