Economy

Private Sector Drives India's 7.8% GDP Growth in Q1

Reuters1h
THE BRIEF
1

India's GDP grew by 7.8% in the first quarter of the 2026-27 fiscal year, with the private sector emerging as the primary engine of economic expansion.

2

Despite global market volatility and rising oil prices, the government attributes this growth to robust domestic consumption and increased industrial output.

3

PM Modi has urged citizens to prioritize 'Swadeshi' spending to maintain this momentum, even as opposition parties demand transparency regarding the economic data.