
PM Narendra Modi calls 7.8% GDP growth ‘herculean feat’; Congress takes ‘Greatly Distorted Picture’ dig
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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.

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Monetary Policy Committee (MPC) unanimously decides to maintain the policy repo rate with a focus on sustainable disinflation and economic growth.