What happened: India’s Q1 FY 2026-27 growth accelerated and momentum continued
PIB backgrounded India’s macroeconomic performance for the first quarter of FY 2026-27, reporting stronger growth than the same quarter of FY 2025-26 and continuation of momentum into July 2026.
Key macro outcomes in Q1 FY 2026-27 (as estimated in PIB backgrounder)
PIB reported the following aggregate outcomes for Q1 FY 2026-27 (constant prices for real measures):
Real and nominal GDP / GVA (Q1 FY 2026-27 estimates)
PIB stated: Real GDP, Real GVA, Nominal GDP, and Nominal GVA all rose with year-on-year growth, with real growth accelerating for both GDP and GVA compared with Q1 FY 2025-26.
Related current affairs
- Industrial growth hits 23-month high of 7.3%
- India’s Index of Industrial Production (IIP) grows 6.7% in July 2026
- dovish RBI core inflation views; 89% of CPI items see higher prices in June vs May (chart/summary)
- Inflation headline CPI rises to 4.38% in June; core inflation steady at 3.9%
- Temporary respite
- The positives (summary of favourable takeaways from the Economic Review)