India’s GDP grew 7.8% in Q1 FY27, up from 6.9% a year earlier. GVA growth was stronger at 8.2%, signalling resilience despite the West Asia crisis
The tertiary sector grew 10%, while manufacturing expanded 9.2%. Construction also recovered strongly, highlighting the role of industry and services in driving growth
Agriculture and allied activities grew 3.6%, down from 4.4% a year earlier. A below-normal monsoon could further constrain farm output and weaken primary-sector growth
Investment growth accelerated to 11.9% from 5.8% a year earlier. The higher capital-formation share is encouraging, but sustained and broad-based investment will be crucial
Tax relief, GST cuts and supportive monetary policy aided growth. Their impact may fade, while elevated crude prices, global financial tightening and geopolitical risks remain
The first-quarter performance is impressive, but sustaining growth will require careful policy management
Protecting public capital expenditure amid rising budget pressures will be critical