India Q1 Real GDP Grows 7.8%, Beating RBI's 7.0% Forecast

India's Ministry of Statistics and Programme Implementation said on Monday that real gross domestic product rose 7.8% year on year in the first quarter of fiscal 2026-27, above the Reserve Bank of India's 7.0% forecast and 6.9% in the same period a year earlier. According to Sina Finance, the ministry also said nominal GDP rose 10.3% to 88.27 trillion rupees, while real GDP at constant 2022-23 prices was 81.36 trillion rupees. The ministry revised full-year growth for the previous fiscal year to 7.8% from 7.7%. It said the figures will be revised further as source coverage expands.