New Delhi, Sep 11: India’s economy has continued to show resilience despite higher energy prices and global uncertainties, with real GDP growing 7.8 per cent in the April-June quarter of FY27.
The stronger-than-expected growth was supported by healthy activity in the services sector and exports, highlighting the strength of key areas of the Indian economy even amid external challenges.
The latest growth figure was above the Reserve Bank of India’s earlier estimate of 7 per cent. According to data from the Ministry of Statistics and Programme Implementation, real GDP increased to Rs 81.36 lakh crore in the April-June quarter from Rs 75.46 lakh crore during the corresponding quarter of FY26.
The performance offers a positive signal for businesses and investors, particularly as India continues to deal with elevated energy costs and uncertainties in the global economy. Strong services activity and exports are helping maintain economic momentum and supporting demand across several sectors.
The International Monetary Fund (IMF) has described the performance as stronger than expected and said the latest figures underline the resilience of the Indian economy. The IMF also noted that India’s continued growth makes it an important contributor to global economic expansion.
Alongside its assessment of economic growth, the IMF welcomed India’s efforts to strengthen the system used to measure economic activity.
The latest GDP release incorporated a new Index of Industrial Production and a new Producer Price Index series. These changes are expected to improve the quality of economic estimates and provide a more robust basis for tracking industrial activity and price movements.
The IMF has encouraged India to continue strengthening its statistical framework and improving data quality as the country modernises its macroeconomic measurement systems.
The latest GDP numbers have also led to discussions over revisions to previous-year estimates and their impact on growth calculations. Such debates underline the importance of maintaining transparent, consistent and high-quality economic data.
Overall, the 7.8 per cent GDP expansion in the first quarter of FY27 highlights the underlying strength of the Indian economy. Continued momentum in services, exports and domestic economic activity could provide further support to business expansion, investment and employment while helping India remain a key driver of global growth.