India’s GDP Performance

India's economy started 2026-27 with a strong real GDP growth rate of 7.8% in the first quarter, driven by manufacturing and services, exceeding the Reserve Bank of India's estimate of 7.0%. Real GVA rose by 8.2%, with strong performances in both the tertiary and secondary sectors. Investments (GFCF) grew by 11.9%, household consumption (PFCE) by 7.1%, and exports by 12.0%. The International Monetary Fund (IMF) highlighted India as a key engine of global growth, and S&P Global Ratings affirmed India's sovereign rating with a Stable Outlook. Additionally, revised annual estimates for previous years reflect the incorporation of new price and production indices with a 2022-23 base year.