India’s Q1 GDP Growth Quickens to 7.8% as Consumption, Capex Offset US-Iran War Shock
- India's economy grew 7.8% in the April-June quarter, exceeding market expectations of 7.3% as strong investment helped offset the impact of the Iran war.
- Investment grew nearly 12% while the financial services sector increased 12.1%, demonstrating expansion across key economic drivers despite rising energy costs from the West Asia conflict.
- While slower than the revised 8.6% recorded in January-March, this growth surpassed The Reserve Bank projection of 7%. Loan growth reached 18.3% by the end of the April-June quarter.
- Economists note that while tax cuts boosted demand, the six-month-long Mideast conflict continues to constrain capacity expansion for many companies. The Indian government stated the economy 'has sustained growth momentum despite global headwinds.'
- Projections suggest 6.4% growth in July-September and 6.5% in October-December, with The Reserve Bank forecasting 6.7% growth for FY27 as momentum continues through ongoing geopolitical tensions.
62 Articles
62 Articles
India's economy grew faster than expected in the first quarter of the current financial year. Real gross domestic product (GDP) grew 7.8 percent year-on-year, the same as in the previous quarter, India's statistics ministry said on Monday. The median estimate of economists in a Bloomberg poll was 7.3 percent. The financial year in India ends on March 31, so the first financial quarter covers the period from the beginning of April to the end of J…
India’s Q1 GDP grows 7.8 pc amid Iran war, leads global market
New Delhi: India’s economy grew at a faster-than-expected 7.8 per cent in the April-June quarter, showing resilience in the face of concerns that the war in Iran and resulting global economic uncertainty could weigh on growth. Gross domestic product (GDP) growth in the first quarter of the 2026-27 fiscal year slowed from a barnstorming 8.6 … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Storie…
GDP growth comes in at 7.8% in Q1, slower than last quarter but quicker than last year
The stronger performance in Q1 of this year as compared to last year has been driven by the manufacturing sector as well as some broad services categories such as utilities, financial services, real estate, IT, and public administration and defence.
Coverage Details
Bias Distribution
- 44% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
