The Indian government reported a 7.8% rise in GDP for the first quarter of FY 2026‑27, prompting praise from the Prime Minister and the chief economic adviser. The figure was immediately challenged by former Finance Secretary Saurabh Garg, who claimed the true nominal growth was only 2.6%, sparking a political and statistical controversy.
Presenting Maharashtra as India’s industrial and financial powerhouse, the deputy CM said the State contributes nearly 14% of India’s GDP and attracts over 30% of the country’s Foreign Direct Investment.
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Dinakar attacks Oppn. over ‘misleading’ GDP growth claims
BJP MP Anil Baluni said rebasing did not begin with Prime Minister Narendra Modi’s tenure, the present exercise was the ninth such revision since Independence, and there were five revisions when the Congress was in power
Mr. Mishra’s statement on X came amid a political row over the growth figures released by the government, which were contested by former Finance Secretary, S. C. Garg.
Soumya Kanti Ghosh spoke to NDTV on the GDP growth data.
India recorded 7.8% GDP growth in Q1 FY27, but former finance secretary Subhash Chandra Garg questioned whether the figure reflects the exact reality.
Commerce Minister Piyush Goyal defended the 7.8 per cent quarterly GDP growth number.
‘They Cannot Digest 7.8% Growth’: Piyush Goyal Slams GDP Critics, Defends Modi Govt Data
Prime Minister Narendra Modi termed the 7.8% GDP growth a "herculean feat"
‘Why were last year’s GDP figures revised down?’ Congress cites ex-finance secretary Subhash Garg Telegraph India 'Ministers don't manufacture data': Goyal hits out at critics for questioning GDP figures The Times of India 7.8% GDP growth: PM Modi’s message on spending, ‘Swadeshi’ and self-reliance explained The News Minute If GDP is robust, then...
Congress questions methodology behind the latest GDP figures, with Jairam Ramesh alleging that 'statistical gymnastics’ concealed the underlying weakness of the economy
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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.
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