India Gdp Growth

Weekly economy wrap: GDP beats estimates, but inflation risks remain

India's economy started FY27 on a strong footing, but questions emerged over the 7.8 per cent GDP growth in Q1 and the methodology behind it

Govt issues FAQs on GDP revision, explains new series and methodology

The government has revised the GDP estimate for Q1 FY2025-26 following the introduction of a new GDP series with 2022-23 as the base year

India fastest-growing major economy, clocked 7.8% Q1 growth: FM Sitharaman

India recorded a "remarkable growth" of 7.8 per cent in the first quarter of fiscal year 2026-27 despite global disruptions, and against all odds, remains the fastest-growing major economy in the world, Finance Minister Nirmala Sitharaman said. Sitharaman on Wednesday participated in a high-level business roundtable with investors, organised by the Consulate General of India in New York in association with Bank of America, New York. Addressing investors, Sitharaman said that "despite global disruptions and against all odds, India continues to be the fastest-growing major economy in the world, recording a remarkable growth of 7.8 per cent in Q1 of FY 2026-27," the Finance Ministry said in a post on X. Sitharaman arrived here after participating in the G20 finance ministerial meeting in Asheville, North Carolina. Sitharaman added that with its strong reform orientation, India has also provided greater regulatory certainty through a range of reforms, including the Insolvency and ...

Best of BS Opinion: External, financial sectors need sustained engagement

Today's opinions examine India's external vulnerabilities, SCO diplomacy, the limits of industrial policy, governance questions at Tata Sons and lessons from five decades of Indian advertising

PM hails 7.8% GDP growth, urges people to avoid buying gold, foreign trips

Prime Minister Narendra Modi on Tuesday applauded the country's people for the 7.8 per cent GDP growth rate, calling the feat particularly impressive, coming against the backdrop of global turmoil, geopolitical conflicts, and supply chain disruptions. In a video message on Instagram, the prime minister also slammed those spreading "jhooth ki goonj" (an apparent riff on Rahul Gandhi's 'Chhatron ki Goonj' campaign), saying the latest GDP growth rate tore through the narrative of "pessimism" about the Indian economy. Modi said India must maintain the growth momentum and continue working towards greater self-reliance and 'Swadeshi'. "We must maintain this momentum. We must keep moving forward, and for that, becoming Atmanirbhar Bharat is essential," he said. The prime minister said if people continue to stress on Swadeshi and self-reliance, the country's youth will be presented with a developed India in the 100th year of Independence. He also asked people not to go for foreign holiday

India's GDP grows 7.8% in Q1FY27 despite disruptions from West Asia crisis

Investment, consumption spearhead strong uptick despite West Asia crisis effects

The Growth Surprise: Another blockbuster GDP print for India

India's economy has shown resilience despite tariffs and the West Asia conflict, with strong domestic demand, healthier balance sheets and investment supporting growth

Datanomics: Subsidies weigh on GDP growth despite strong GVA expansion

India's GDP grew 7.8% in Q1FY27, below 8.2% GVA growth as subsidies restrained net indirect tax growth, widening the gap between the two measures

Reaping benefits of reforms in very uncertain global environment: CEA

CEA V Anantha Nageswaran says strong manufacturing, services and exports underscore India's economic resilience despite global uncertainty and energy risks

Beating the odds

The data from the expenditure side showed that private final consumption expenditure increased 7.1 per cent during the quarter, an improvement over the previous year but below the headline rate

Why India's 7% growth may not be enough for 2047 developed nation goal

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

India's economic growth likely slowed to 7.1% in April-June quarter: Poll

Risks to the outlook for Asia's third-largest economy, which imports more than 85 per cent of its oil, have increased as crude prices are above $90 a barrel and may climb higher

Weak rains, services likely eased Q1 economic growth to 4-quarter low

India's GDP growth is likely to ease to around 7.2% in Q1 FY27, a four-quarter low, amid softer services activity and a delayed monsoon despite resilient domestic demand

India economic growth may beat RBI's 6.7% forecast: Deputy Guv Poonam Gupta

Gupta also sounded confident about India's external accounts, saying it will be 'much more conducive'

India's growth to slow to 6.8% in FY27 amid West Asia crisis, El Nino risks

India Ratings & Research on Tuesday projected India's GDP growth to slow down to 6.8 per cent in the current fiscal year, as against 7.6 per cent in the previous year, citing risks from fuel and food inflation stemming from West Asia conflict's uncertainty, weak currency, and the likely impact of El Nino on agriculture. The FY27 GDP growth projection at 6.8 per cent is a tad higher than the 6.7 per cent growth Ind-Ra had projected in May. Earlier this month, the Reserve Bank of India (RBI) had raised growth projections from 6.6 per cent to 6.7 per cent citing resilient domestic economy. The domestic rating agency said it now estimates average crude oil price at USD 85/bbl in FY27 compared to USD 95/bbl in May 2026. It expects rupee-dollar exchange rate to average Rs 93.98 (May 2026: Rs 94.28), a depreciation of 6.4 per cent YoY, in FY27. Fitch Group subsidiary Ind-Ra estimates capital flows of USD 70 billion under foreign currency non-resident (bank) (FCNR B) and external ...

From agriculture to services: How India's economy transformed over 80 years

India's economy has undergone a major transformation over eight decades, moving from an agriculture-led model towards a more diverse, services-driven economy

India 6th-largest economy in world with $3.92 trn GDP: Govt tells Parl

The International Monetary Fund (IMF) in its World Economic Outlook for April 2026 noted India's nominal GDP at USD 3.92 trillion for 2025-26, which makes India the sixth-largest economy in the world, Parliament was informed on Tuesday. "The IMF's rankings are based on nominal GDP measured at prevailing US Dollar exchange rates. Consequently, the relative ranking of economies can change due to a combination of factors, including economic growth, movements in exchange rates and prices, revisions to national accounts and changes in the size and growth of other major economies," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha. The government has adopted a broad-based strategy to enhance the growth potential of the Indian economy, he said. The strategy focuses on enhancing agricultural productivity, promoting manufacturing through initiatives such as the Production-Linked Incentive Schemes and relaxing Quality Control Orders, strengthening MSMEs

India growth seen slowing to 6.6% in FY27, says Fitch Group company BMI

Fitch Group company BMI on Tuesday projected India's growth to slow to 6.6 per cent in the current fiscal as the boost to the economy from last year's GST reforms wanes and elevated inflation erodes household income. The Indian economy grew 7.7 per cent in financial year 2025-26. India remains Asia-Pacific's fastest-growing large economy, but the risks lie to the downside, mainly from a re-escalation in the Middle East or a weaker monsoon, BMI said. It said India's growth will slow in FY27 as the fiscal boost from GST reforms fades and inflation remains elevated, averaging 5.4 per cent. "We expect growth to moderate from 7.7 per cent in FY2025/26 (April-March) to 6.6 per cent in FY2026/27, as the lift from last year's Goods and Services Tax reforms wears off while elevated inflation erodes household incomes," BMI said. As part of the GST reforms rolled out in September last year, tax rates on 375 items were cut and GST was rationalised from a 4-tier structure to virtually 2 slabs

Neutral pause suggests rate hikes aren't imminent: Aditi Nayar

We broadly concur with the MPC's growth forecasts for FY2027, notwithstanding some differences in the quarterly projections, Nayar said.

India can achieve 8-9% growth with structural reforms: Ex-CEA Subramanian

India can unlock 8-9 per cent economic growth by accelerating structural reforms to reduce the cost of doing business and the cost of financing, former Chief Economic Adviser Krishnamurthy V Subramanian said on Monday. He called for implementing factor market reforms in land, labour, and capital, as well as judicial and bureaucratic reforms. "Macroeconomic stability got India to 7 per cent growth. Institutional reforms can take India to 9 per cent," Subramanian said told PTI in an interview. "India achieved above-8 per cent growth when private investment as a share of GDP was more than 30 per cent. We are currently at around 22-23 per cent, 7-8 per cent short of the target," he said. "We will then leapfrog from 7 to 9 per cent growth!" Subramanian said, adding that the public capital expenditure of the last five years has laid the infrastructure that private investment follows, and the banking system with gross NPAs near multi-decade lows is ready to support it. Subramanian, who .