India GDP Grows 7.8% in June Quarter, Beating Estimates

India's economy expanded by a stronger-than-expected 7.8% year-over-year in the fiscal first quarter, surpassing market forecasts and demonstrating resilience amid global economic headwinds.

The June quarter growth rate outpaced the consensus economist expectation of 7.1%, powered predominantly by gains across the country's service industries and manufacturing sectors.

"The Iran war has not impacted India's growth as feared," said Aastha Gudwani, India chief economist at Barclays.

The expansion was led by strong performances in the financial, real estate, information technology, and professional services sectors.

"India's exemplary GDP growth of 7.8% during Q1 of FY 2026-27 is a herculean feat," said Narendra Modi, Prime Minister of India.

"Reforms undertaken by the NDA Government, together with an agile management of the economy, are bearing results," said Nirmala Sitharaman, Union Finance Minister.

NOTE: This topic was flagged as thin by research, as available reporting centers on top-line GDP figures and initial official commentary without detailed sub-sector breakdowns.