The numbers offer a sliver of hope amid the global uncertainty due to US-Iran war. The table-thumping numbers come amid a challenging global environment marked by geopolitical tensions, oil shocks and economic uncertainty.
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India's 7.8% real GDP growth in Q1 FY27 reflects resilience despite global uncertainties and West Asia tensions, CEA V Anantha Nageswaran said. Manufacturing, services, exports and consumption remained strong, while fiscal risks have eased.
The stronger performance in Q1 of this year as compared to last year has been driven by the manufacturing sector as well as some broad services categories such as utilities, financial services, real estate, IT, and public administration and defence.
India’s economic growth came amid geopolitical uncertainties caused by continuing conflict in West Asia, late onset of the southwest monsoon and uncertain tariff policies.
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MoSPI to release April-June GDP data on Monday, the first full quarter after West Asia conflict began
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Breaking: US core PCE inflation holds steady at 3.3% in July as expected FXStreet Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July CNBC Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights AP News US inflation remains elevated as GDP growth outlook brightens Reuters US inflation holds at...
Monetary Policy Committee (MPC) unanimously decides to maintain the policy repo rate with a focus on sustainable disinflation and economic growth.
