In some economic good news for India amid the US tariff conundrum, the GDP has grown by 7.8% in the first quarter of this financial year against an estimate of 6.7%. The figure is also 1.3% percentage points higher than in the same timeframe last year.
India’s Gross Domestic Product had grown 6.5% in the April-June quarter in the last fiscal and the growth in the same three-month period in 2025-2026 represents the fastest rise in five quarters.
China’s growth in the same period was 5.2% and India’s figure means that it remains the fastest-growing major economy.