India’s economic growth in the first quarter is well above the Reserve Bank of India’s 7 per cent GDP growth forecast for the quarter.
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“The credit for this strong performance goes to the people of India and their hard work. Reforms undertaken by the NDA Government, together with an agile management of the economy, are bearing results,” Sitharaman said in a post on X.
Estimated growth of real GDP in Q1 of FY 2026–27 is 7.8%.
Nominal GDP in Q1 of FY 2026–27 is estimated to have grown by 10.3%, while Real GVA has recorded growth of 8.2%.
The credit for this strong performance goes to the people of India and their hard work.
Reforms undertaken…— Nirmala Sitharaman (@nsitharaman) August 31, 2026
She said the Narendra Modi-led government remains committed to further expanding economic opportunities for all citizens.
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As per GDP data released by the Ministry of Statistics & Programme Implementation, nominal GDP in Q1 of FY 2026-27 is estimated to have grown by 10.3 per cent, while real GVA (gross value added) recorded 8.2 per cent growth.