India recorded a GDP growth rate of 7.2% in the first quarter of FY2026, surpassing analyst expectations of 6.8% and reinforcing the country position as the world fastest-growing major economy. The data released by the Ministry of Statistics showed strong performance in manufacturing, services, and agriculture sectors, driven by robust domestic consumption and increased government capital expenditure.
Chief Economic Adviser V. Anantha Nageswaran said the numbers reflect the structural strength of the Indian economy. The manufacturing sector grew at 8.1%, while the services sector expanded by 7.6%. Exports showed a marginal uptick despite global headwinds. Economists believe India is on track to achieve its full-year target of 7% growth, supported by rising infrastructure spending and a healthy credit cycle.
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