Is Stellar Q1 GDP Growth Across Sectors Truly Exhilarating?
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Synopsis
The Indian economy's remarkable performance in Q1 FY26, with a 7.8% GDP growth, excites experts like NSE's CEO Ashishkumar Chauhan. This growth spans multiple sectors, promising a robust future fueled by good monsoon and tax reforms.
Key Takeaways
- India's GDP growth hit 7.8% in Q1 FY26.
- Growth spans multiple sectors including agriculture and manufacturing.
- The agriculture sector rebounded with 3.7% growth.
- Manufacturing and construction sectors grew by 7.7% and 7.6% respectively.
- The tertiary sector's growth surged to 9.3%.
New Delhi, Aug 30 (NationPress) The remarkable GDP growth for the first quarter of this fiscal year (Q1 FY26) is indeed exhilarating, as noted by Ashishkumar Chauhan, the CEO and MD of the National Stock Exchange (NSE), on Saturday.
He emphasized that the impressive 7.8 percent growth stands as the best performance globally, highlighting the robust momentum of the Indian economy.
“This growth spans multiple sectors including travel, tourism, production, manufacturing, and services within the tertiary sector. Overall, this achievement is substantial, particularly when considering that even global agencies project a modest growth of no more than 6.5 percent for India throughout the year,” added the NSE CEO.
India’s GDP growth surged to an impressive 7.8 percent in the initial quarter (April-June) of the current financial year, compared to 6.5 percent during the same period of FY 2024-25, according to official statistics from the Ministry of Statistics.
The agricultural sector showed a remarkable recovery with a growth rate of 3.7 percent in the first quarter of 2025-26, rebounding from a mere 1.5 percent in the previous year due to erratic monsoon conditions.
The manufacturing sector recorded a growth of 7.7 percent, while the construction sector expanded by 7.6 percent.
The tertiary sector, which encompasses services, experienced a significant boost to 9.3 percent during Q1 of 2025-26, up from 6.8 percent in Q1 of FY 2024-25.
Chauhan expressed optimism for the second half of the fiscal year, attributing it to favorable monsoon conditions, low inflation, and the inherent strength of the Indian economy.
“Looking ahead, reforms in GST and taxation are expected to further enhance growth rates,” he remarked.
Point of View
The recent GDP growth figures underscore India's economic resilience and potential. The achievements across multiple sectors demonstrate a robust recovery and elevate the country's standing on the global stage. While optimism is warranted, sustained growth will depend on further reforms and external economic factors.
NationPress
30/08/2025
Frequently Asked Questions
What factors contributed to the GDP growth in Q1 FY26?
The GDP growth in Q1 FY26 was driven by strong performances in the agriculture, manufacturing, and tertiary sectors, along with favorable monsoon conditions.
How does India's GDP growth compare globally?
India's 7.8% GDP growth in Q1 FY26 is the highest globally, showcasing its strong economic momentum.
What is the outlook for India's economy in the coming months?
The outlook remains positive due to favorable monsoon conditions and ongoing reforms in GST and taxation.
