India's GDP grows 7.8% in Q1, faster than a year earlier
India's real GDP expanded 7.8% in the first quarter of the current financial year — faster than the same quarter a year earlier, though slower than the immediately preceding quarter. The pace was driven by strong manufacturing output and buoyant services segments, including utilities, financial services, real estate, IT, and public administration and defence.
Nabka Insight
Quarterly GDP growth and its sectoral drivers are core economy questions.
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- Q1 GDP growth: 7.8%, higher than the year-ago quarter.
- Slower than the immediately preceding quarter.
- Drivers: manufacturing plus services (finance, real estate, IT, utilities, public admin & defence).
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