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 (Q1) of the current financial year — quicker than the same quarter last year, though slower than the preceding quarter. Official data attributed the stronger performance to the manufacturing sector and to broad-based services such as utilities, financial services, real estate, IT, and public administration and defence.
Nabka Insight
Q1 GDP is the headline growth number examiners cite for the current fiscal.
Powered by AIKey facts
- Q1 GDP growth: 7.8%
- Faster than a year earlier, slower than the previous quarter
- Drivers: manufacturing plus services (utilities, financial services, real estate, IT, public administration & defence)
Relevant forBanking · SSC · State PSC · UPSC