India’s economy expands 7.8% in fiscal first quarter, beating estimates
The economy was driven by a strong performance in the financial, real estate, information technology and professional services sectors.
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Girls buy a rakhi from a roadside stall in Nagaon District, Assam, India, on August 26, 2026, ahead of Raksha Bandhan, a Hindu festival celebrating the bond between brothers and sisters.
Nurphoto | Nurphoto | Getty Images
India's economy grew by 7.8% in the quarter ending June, mainly driven by strong performance in the financial, real estate, information technology and professional services sectors.
According to a Reuters poll, the economy was expected to grow by 7.1% in its fiscal first quarter, below the 7.8% recorded over the previous quarter.
This is a developing story and will be updated shortly.
