India Q1 GDP Data Live Updates: GDP growth defies US-Iran war impact
SUMMARYIndia Q1 GDP Data Live Updates: India’s GDP growth for the first quarter (April-June) of the current financial year 2026-27, beat odds and the impact of the US-Iran war to come in at a resilient 7.8%. This is the first full quarter which was likely…
This is the first full quarter which was likely to have seen a major impact on India’s GDP growth. However, India has retained its tag of being the fastest growing major economy in the world, despite the global headwinds.
Cuts in Goods and Services Tax rates and income tax reductions introduced last year probably continued to boost household disposable income and demand, helping offset some of the effects of higher inflation. Economists, however, believe the recent improvement in private investment is unlikely to.
What Happened
Overall, economic activity remained robust during the April-June quarter despite the adverse impact of the West Asia conflict on some sectors as well as the unfolding impact of the uneven monsoon. Prima facie, growth is led by investments and exports reflecting a.
SUMMARYIndia Q1 GDP Data Live Updates: India’s GDP growth for the first quarter (April-June) of the current financial year 2026-27, beat odds and the impact of the US-Iran war to come in at a.
As we had anticipated, the GVA growth also decelerated between these quarters, while printing above the 8.0%-mark in Q1, and exceeding the GDP growth for the quarter.
Among the sectors, the growth in the manufacturing GVA exceeded expectations, accelerating to 9.2% in Q1 FY2027 from 7.9% in Q4 FY2026, likely reflecting the uptick in volume growth between these quarters, amid an.
Key Details
The stand-out sector remained services with financial, real estate and professional services growing by a high of 12% in the quarter. Real GVA in Q1 of FY 2026-27 is estimated at ₹73.82 lakh crore, compared with ₹68.21 lakh crore a.
Real and Nominal GVA has been assessed to grow by 8.2% and 11.5% respectively in Q1 of FY 2026-27.
Tertiary sector has boosted the performance of the economy by registering growth of 10.0% at Constant prices, mainly driven by the ‘Financial, Real Estate, IT and Professional Services’ sector which has observed 12.1% growth.
Primary sector has observed 2.9% growth rate at Constant prices mainly contributed by the performance of ‘Agriculture and Allied’ sector which registered 3.6% growth during Q1 of FY 2026-27.
Why It Matters
Nominal GVA is estimated at ₹80.53 lakh crore for Q1 of FY 2026-27, against ₹72.24 lakh crore in Q1 of FY 2025-26, representing growth of 11.5%. Indian benchmark equity indices ended Monday’s session in the red as investors turned cautious.
On the Expenditure-side, Gross Fixed Capital Formation (GFCF) recorded Double-digit (11.9%) growth rate at Constant prices during Q1 of FY 2026-27, against the growth of 5.8% in Q1 of FY 2025-26.
Private Final Consumption Expenditure (PFCE) registered a growth of 7.1% at Constant prices during the quarter.
What Reports Say
Coverage of the story so far points to:
Q1 growth came in at 7.8% versus our estimate of 7.5%, led by upbeat domestic consumption, continued support from government spending and investments and healthy export performance.
The input cost pressures due to the West Asia conflict were offset by higher volume growth with sectors like manufacturing and electricity, gas growing by close to 9%.
Continued reporting by The Times of India as more details emerge
