India’s Q1 GDP growth quickens to 7.8% as consumption, capex offset US-Iran war shock :-The Economic Times Aug 31,2026

 

India's gross domestic product (GDP) quickened to 7.8% in the first quarter of FY27, up from revised 6.9% in the same quarter last year, as resilient consumption and exports coupled with robust government capex defied supply chain disruptions and inflated commodity prices triggered by the US-Iran war.

India’s April-June quarter GDP number was slower than the revised 8.6% growth in the previous three months.

Gross value added, a measure of economic activity that excludes taxes and subsidies, grew at 8.2% in real terms, up from 7.1% in the corresponding period last fiscal. Meanwhile, Nominal GVA growth stood at 11.5% for Q1 in real terms.