India's GDP Growth Surges to 7.8% in Q1 2026, Defying Global Slowdown

India's economy expanded by 7.8% in the first quarter of 2026, marking a robust start to the fiscal year despite global economic headwinds. The growth was driven by strong manufacturing output and a rebound in consumer spending, according to data released by the Ministry of Statistics and Programme Implementation on July 7. This growth rate surpasses analysts' expectations of 7.2% and positions India as one of the fastest-growing major economies worldwide. The services sector also contributed significantly, expanding by 8.2% in the quarter. Reuters reports that government stimulus measures and increased infrastructure investments played a key role in sustaining momentum. Economists view this growth as a positive signal for India's economic resilience amid global uncertainties.