GDP
India beats the odds with 7.8% GDP growth; PM Modi has a message for critics
India’s real Gross Domestic Product (GDP), or GDP at constant prices, for the first quarter (Q1) of FY 2026-27 is estimated at ₹81.36 lakh crore, compared with ₹75.46 lakh crore in Q1 of FY 2025-26, registering a growth of 7.8%, according to government data released on Monday.
Nominal GDP, or GDP at current prices, for Q1 of FY 2026-27 is estimated at ₹88.27 lakh crore, up from ₹80.00 lakh crore in the corresponding quarter of the previous financial year. This represents a growth of 10.3%.
Real Gross Value Added (GVA) for Q1 of FY 2026-27 is estimated at ₹73.82 lakh crore, compared with ₹68.21 lakh crore in Q1 of FY 2025-26, marking a growth of 8.2%.
Meanwhile, nominal GVA for the quarter is estimated at ₹80.53 lakh crore, compared with ₹72.24 lakh crore in the same quarter last year, registering a growth of 11.5%.
Prime Minister Narendra Modi welcomed the latest GDP figures, describing India’s 7.8% growth in Q1 of FY 2026-27 as a “herculean feat”.
In a post on X, Modi said, “India’s exemplary GDP growth of 7.8% during Q1 of FY 2026-27 is a herculean feat.”
He attributed the strong economic performance to the resilience of Indians despite global challenges.
“The collective strength of our people ensured India delivered such growth despite oil price shocks and supply chain issues in the midst of global uncertainties,” the Prime Minister said.
In a pointed message highlighting the stronger-than-expected economic performance, Modi added, “Doomsayers were doomed and India bloomed…yet again!”
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