NEW DELHI, AUG 31 (PTI): Union Home Minister Amit Shah on Monday said the Indian economy has once again trumped global uncertainties after the country secured a GDP growth of 7.8 per cent in the first quarter of FY 2026-27.
Shah also said this stands as a testament to the “visionary” leadership of Prime Minister Narendra Modi.
“Indian economy growing from strength to strength against global odds Under Modi govt. Once again, the Indian economy has trumped global uncertainties and secured a GDP growth of 7.8% in Q1 of FY 2026-27,” he said in a post on ‘X’.
“This stands as a testament to the visionary leadership of Modi Ji, which has filled our nation with resilience to emerge successful regardless of how severe the global storm is. My heartiest congratulations to every citizen on this remarkable achievement,” he added.
India’s economy grew at a faster-than-expected 7.8 per cent in the April-June quarter, showing resilience in the face of concerns that the war in Iran and resulting global economic uncertainty could weigh on growth.
Real Gross Domestic Product, or GDP at constant prices, in the first quarter of FY27 is estimated at Rs 81.36 lakh crore, against Rs 75.46 lakh crore in the corresponding quarter of 2025-26, showing a growth rate of 7.8 per cent, Ministry of Statistics and Programme Implementation said.
India’s economic growth in the first quarter is well above the Reserve Bank of India’s 7 per cent GDP growth forecast for the quarter.
Where are the jobs: Cong on GDP growth
NEW DELHI, AUG 31 (PTI): The Congress on Monday said that the 7.8 per cent GDP growth in the April-June quarter is “not an economic spring” and questioned why, if India has truly bloomed, it is not translating into jobs and prosperity for its people.
India’s economy grew at a faster-than-expected 7.8 per cent in the April-June quarter, with Prime Minister Narendra Modi taking a dig at those questioning the state of the Indian economy, saying “doomsayers were doomed and India bloomed yet again”.
“One quarter of 7.8 per cent growth is not an economic spring. If India has truly ‘bloomed’, why do rampant unemployment, leaked exam papers, and a crumbling education system define the ground reality?” Congress’ head of media and publicity department Pawan Khera said in a post on X.
“Why is the republic’s prosperity not translating into the prosperity of its public?” he said.
The prime minister said that India’s exemplary GDP growth during Q1 of FY 2026-27 is a “herculean feat”. “The collective strength of our people ensured India delivered such growth despite oil price shocks and supply chain issues in the midst of global uncertainties,” Modi said in a post on X.
However, Khera said, “GDP measures national output – not jobs, not wages, not opportunity. If it measured any of those, the future of India’s youth would not look so bleak.
“Modi can manage his headlines. For India’s youth, the question remains the same as ever: Where are the jobs?”
The GDP growth pace, which keeps India as the world’s fastest growing major economy, also exceeded the Reserve Bank of India’s forecast of 7 per cent for the quarter, underscoring the strength of domestic economic activity despite heightened geopolitical risks.
The central bank has projected the economy to expand 6.7 per cent in the full 2026-27 fiscal year. The Q1 growth compares to 6.9 per cent expansion in the year-ago quarter, according to government data released on Monday.
