India’s GDP growth at 7.8% in Q1, slower than last quarter but quicker than last year
India’s economy expanded 7.8% in the first quarter (April–June) of the current financial year, faster than the same quarter a year earlier though slower than the preceding quarter. Official data credited the manufacturing sector along with broad services categories — utilities, financial services, real estate, IT, and public administration and defence — for driving the stronger year-on-year performance.
Nabka Insight
Quarterly GDP growth is the headline macro indicator used to gauge the state of the economy.
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- Q1 (April–June) GDP growth: 7.8%.
- Faster than the year-earlier quarter but slower than the previous quarter.
- Growth led by manufacturing and services (financial services, real estate, IT, public administration & defence).
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