India’s GDP expanded by 7.8% in the April-June quarter of 2026-27, beating estimates amid global challenges, driven by strong demand across sectors and government reforms, says Prime Minister Narendra Modi.
Prime Minister Narendra Modi has hailed India’s stronger-than-expected economic performance after official data showed real GDP expanded by 7.8% in the April-June quarter of the 2026-27 financial year. In a video message posted on X, Modi said the result reflected the “collective strength” of Indians and their determination to keep the economy moving despite conflict abroad, supply-chain disruptions and other global pressures. He also used the moment to attack the Congress party and Rahul Gandhi, accusing them of spreading pessimism.
The figures, released by the Ministry of Statistics and Programme Implementation, showed real GDP at Rs 81.36 lakh crore in the quarter, up from Rs 75.46 lakh crore a year earlier. Nominal GDP, which measures output at current prices, rose 10.3% to Rs 88.27 lakh crore. Real gross value added, a broader measure of activity across sectors, increased 8.2%. The reading came in above the Reserve Bank of India’s earlier 7% estimate for the quarter.
The latest data suggest the economy was supported by broad-based demand. According to reporting by LiveMint and The Times of India, the services sector led growth with a 10% rise, while manufacturing and other parts of industry also strengthened. Gross fixed capital formation, a gauge of investment, rose 11.9%, and private consumption increased 7.1%, indicating that both corporate spending and household demand held up well through the quarter.
Finance Minister Nirmala Sitharaman welcomed the numbers and said the government’s reforms and economic management were bearing fruit. She said the credit belonged to the people of India and their work, while reiterating the administration’s commitment to widening economic opportunities. The ministry also said the Q1 estimates are provisional and may be revised as more data become available, with the next quarterly GDP release due on 30 November 2026.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
