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India's economy outpaced expectations in the April-June quarter of FY26, recording a robust 7.8% GDP growth, the fastest pace since Q4 of FY24, according to data released by the Ministry of Statistics on Friday. Strong Momentum in Manufacturing and Services The growth surge was powered by manufa
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India's GDP grew by 7.8% in the April-June quarter of FY26.
The manufacturing sector grew by 7.7% and the services sector expanded by 9.3%, powering the overall GDP growth.
The agriculture sector contributed 3.7% growth in Q1 FY26.
The government is retaining its growth estimates for FY26 at 6.3-6.8%, citing India's economic resilience.
Concerns have been raised about weak direct tax collections, which contracted by 4.3%, and the impact of global trade headwinds on net exports.
Economists believe India is well-positioned to achieve 6.5%+ growth in FY26, but careful management of trade barriers and fiscal imbalances is advised.
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