India’s GDP growth at 7.8% in Q1, slower than last quarter but quicker than last year
India's Gross Domestic Product grew 7.8% in the first quarter of the current financial year — quicker than the same quarter a year earlier, though slower than the immediately preceding quarter. The stronger year-on-year performance was driven by the manufacturing sector and by broad services categories, including utilities, financial services, real estate, information technology, and public administration and defence.
Nabka Insight
Quarterly GDP growth rates and their sectoral drivers are staple economy questions.
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- Q1 GDP growth: 7.8% — higher than the year-ago quarter but lower than the previous quarter.
- Growth led by the manufacturing sector along with broad services segments.
- Services drivers: utilities, financial services, real estate, IT, and public administration and defence.
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