India's GDP Growth Hits 7.5% in Q1 2026, Surpassing Expectations

India's economy grew at a robust 7.5% in the first quarter of 2026, driven by strong manufacturing and services sectors, according to the latest data released by the Ministry of Statistics on July 7. This growth rate exceeds the government's earlier forecast of 7.2%, marking one of the fastest expansions among major economies this year. The manufacturing sector expanded by 8.3%, while services grew by 7.1%, reflecting increased domestic demand and export activity. Reuters reports that this growth surge is attributed to improved consumer spending and government infrastructure investments. Analysts suggest this momentum could boost India's annual GDP growth to over 7% in 2026, reinforcing its position as a key driver of global economic growth.