Current Affairs - Economy - Discussion

India’s GDP growth in Q1 FY26 stood at 7.8%, marking a strong performance that exceeded both RBI and market expectations. This growth was significantly higher than the 6.5% recorded in Q1 FY25, showcasing resilience in the economy despite global uncertainties. The services sector emerged as the top performer with 9.3% growth, followed by robust rebounds in manufacturing and construction. Agriculture also played a vital role, growing at 3.7% due to a favorable monsoon. Strong government spending and increased investments further boosted the economy, while private consumption remained relatively subdued. This growth reflects India’s strong macroeconomic fundamentals.