India’s Economy Records 7.8% GDP Growth in Q1 of FY 2026–27

The Ministry of Statistics and Programme Implementation released India’s quarterly GDP estimates for Q1 of FY 2026–27 , covering the period from April to June 2026. According to the estimates, real GDP at constant 2022–23 prices reached ₹81.36 lakh crore , compared with ₹75.46 lakh crore during the corresponding quarter of FY 2025–26. This represented a year-on-year growth rate of 7.8% .  Nominal GDP Growth India’s nominal GDP at current prices was estimated at ₹88.27 lakh crore during Q1 FY 2026–27. In the same quarter of the previous financial year, nominal GDP stood at ₹80.00 lakh crore. This resulted in 10.3% nominal GDP growth .  Gross Value Added Performance Real Gross Value Added, or GVA , also registered strong growth. Real GVA: ₹73.82 lakh crore Previous-year Q1 real GVA: ₹68.21 lakh crore Real GVA growth: 8.2% Nominal GVA: ₹80.53 lakh crore Nominal GVA growth: 11.5% Constant and Current Prices The quarterly estimates were released using the new 2022–23 base year . GDP at constant prices is used to measure the actual growth in economic output after removing the effect of inflation. GDP at current prices includes prevailing market prices and therefore reflects both changes in output and prices. Economic Significance The 7.8% real GDP growth indicated continued momentum in India’s economy during the beginning of FY 2026–27. The performance was considered significant because it came amid several global challenges, including: Oil-price volatility Supply-chain disruptions International economic uncertainty The government highlighted the figures as evidence of the resilience of domestic economic activity.