India’s GDP jumps to 7.8% in first quarter of current fiscal, despite global headwinds

India’s Real GDP has observed a growth rate of 7.8% during the first quarter of the financial year 2026-27 compared to 6.9% during the same period of the previous financial year. The Indian Economy has sustained Growth Momentum despite Global Headwinds. The nominal GDP has also registered 10.3% growth during the first quarter of the current financial year. The Ministry of Statistics and Programme Implementation today released the quarterly estimates of GDP for the first quarter from April to June of the current financial year. Ministry of Statistics and Programme Implementation Secretary Dr Saurabh Garg said that growth across all sectors has been highly positive, which demonstrates that government interventions are having an impact, maintaining a positive growth rate despite shifts in the overall landscape and the geopolitical situation. He added that the service sector has performed exceptionally well, alongside the financial, housing, and real estate sectors.
The Ministry informed that the Real Gross Value Added (GVA) in the first quarter of the current financial year has been assessed to grow by 8.2%, while the Nominal GVA has been assessed to grow by 11.5%. Furthermore, the tertiary sector has boosted the performance of the economy by registering growth of 10% at Constant prices, mainly driven by the Financial, Real Estate, IT and professional services sectors, which have observed 12.1% growth. Meanwhile, the secondary sector has registered a growth of 8.6% at Constant prices. The Ministry said that the primary sector has observed a 2.9% growth rate at constant prices, mainly contributed by the performance of the ‘Agriculture and Allied’ sector, which registered 3.6% growth during the first quarter of the current financial year.