Economy · India
India's Q1 GDP grows 7.8%, exceeding forecasts amid global challenges
India's Gross Domestic Product (GDP) grew by 7.8% in the first quarter of the fiscal year 2027, surpassing initial forecasts and the Reserve Bank of India's projections. This growth occurred despite global economic headwinds, including concerns related to the West Asia crisis. Prime Minister Narendra Modi described the achievement as a "herculean feat" amidst global uncertainties. Fixed capital growth stood at 12%, signaling continued economic momentum. Several service sub-sectors also registered double-digit growth in June.
How outlets across the spectrum covered it
L 1 C 10 R 1
- Left (1): The Telegraph (India)
- Centre (10 votes, 11 outlets): Business Standard, Business Today, Deccan Chronicle, Outlook India, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express, The Hindu BusinessLine, The New Indian Express, The Statesman, The Tribune
- Right (1): Dainik Jagran
- International (4): CNBC, Channel News Asia, Financial Times, The Wall Street Journal