Government/economic policy
GDP growth increases to 7.8%, much higher than RBI estimates
Dive into the latest 'Insights' from Lumic as India's economy shows robust performance. The nation's Gross Domestic Product (GDP) surged to a remarkable 7.8% in the first quarter of FY'27. This figure significantly surpasses both market expectations and the Reserve Bank of India's (RBI) forecasts. The robust GDP growth India highlights a strong trajectory for the Indian economy. Key drivers include a significant manufacturing growth of 9.2% and impressive expansion in financial, real estate, and IT services, which collectively grew 12.1%. Investment activity has also picked up pace, evidenced by an 18.6% jump in government capital expenditure (capex). This positive economic growth India bodes well for the Indian stock market and various sectors.
More in Government/economic policy
Government/economic policy
India’s 7.8% GDP Growth: Whats' Powering the Economy Engine?
Government/economic policy
MoSPI Defends 7.8% GDP Growth, Explains Negative Manufacturing Deflator
- MoSPI says manufacturing GVA grew 9.2% in Q1 FY27 despite a negative 1.5% deflator
- Input prices rose faster than output prices, widening the gap in nominal and real GVA
- MoSPI says GDP revisions reflect new data, a 2022-23 base year and improved methods