New Delhi, August 29(HS):

India’s economy has kicked off the financial year 2025-26 on a high note with its Gross Domestic Product (GDP) growing at a robust 7.8% in the first quarter (April-June), marking the highest growth in five quarters. This growth outpaced the Reserve Bank of India’s (RBI) forecast of 6.5% and beats the previous year’s growth rate of 6.5% for the same quarter.

The impressive surge was driven primarily by strong performance in the agriculture sector, which grew by 3.7% compared to just 1.5% in Q1 of FY 2024-25, and a buoyant services sector that led the expansion with a 9.3% rise. Manufacturing and construction sectors also showed steady growth, at 7.7% and 7.6% respectively. Despite global challenges including heavy tariffs imposed by the United States, India remains the fastest-growing major economy, outpacing China’s 5.2% GDP growth during the same period.

Nominal GDP also climbed 8.8% to ₹86.05 lakh crore from ₹79.08 lakh crore year-on-year. The strong quarterly performance reflects the resilience and breadth of the Indian economy and suggests a promising start to the fiscal year 2025-26.

This upbeat GDP figure signals resilient economic momentum driven by agriculture, services, manufacturing, and construction sectors, reinforcing India’s position as a leading growth engine on the global stage.

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Hindusthan Samachar / Jun Sarkar