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India's Q1 FY27 GDP Surges 7.8%, Outperforming RBI Forecast

Data released by the Ministry of Statistics and Programme Implementation (MoSPI) on August 31, 2026, shows India's real GDP expanded by 7.8% year-on-year in Q1 FY27 (April–June 2026), outpacing the Reserve Bank of India's (RBI) projection of 7%.

Nilakshi Barman | | 1 min read

India's Q1 FY27 GDP Surges 7.8%, Outperforming RBI Forecast
AI generated image | Minutebrief Team

In Brief:

  1. Real GDP reached ₹81.36 lakh crore in Q1 FY27, up from ₹75.46 lakh crore in Q1 FY26, outperforming the RBI's 7% forecast.
  2. Growth was led by manufacturing at 9.2% and financial, real estate, and professional services expanding 12.1%.
  3. Gross Fixed Capital Formation surged 11.9% while real exports grew 12%, driving total real Gross Value Added (GVA) to 8.2%.

The National Statistical Office (NSO) released Q1 FY27 GDP (Gross Domestic Product) estimates on August 31, 2026, reporting a 7.8% expansion in real GDP to ₹81.36 lakh crore compared to ₹75.46 lakh crore in Q1 FY26. Real Gross Value Added (GVA) grew 8.2%, supported by a 9.2% expansion in manufacturing and a 10% rise in the overall services sector. Gross fixed capital formation (GFCF) surged by 11.9%, alongside a 12% rise in real exports and a 7.1% increase in private consumption expenditure. Nominal GDP reached ₹88.27 lakh crore, reflecting a year-on-year growth rate of 10.3%.



Source: DD News


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