Archive · 1 Sep 2026
India’s 7.8% GDP Growth Spurs Swadeshi Push
India’s economy grew faster than expected in the first three months of the 2026-27 financial year.
It grew by 7.8 percent compared with the same period a year earlier.
Factories and several service businesses expanded strongly.
People spending money and businesses investing also helped the economy.
Gujarat’s leaders said the growth showed India was strong despite problems around the world.
Prime Minister Narendra Modi praised the result.
He asked people to buy more Indian goods and services.
He also suggested avoiding unnecessary foreign travel and overseas weddings.
He said these choices could help make India more self-reliant.
India’s real GDP grew 7.8% year-on-year in the April-June quarter of 2026-27, exceeding estimates.
Real GVA rose 8.2%, while nominal GDP increased 10.3% during the quarter.
Manufacturing expanded 9.2%, with financial, real estate and professional services also recording strong growth.
Gujarat Chief Minister Bhupendra Patel and Deputy Chief Minister Harsh Sanghavi credited national leadership and economic resilience.
Prime Minister Narendra Modi urged greater reliance on Indian products and services, including reduced avoidable overseas spending.
- Who
- India’s government leadership, Gujarat Chief Minister Bhupendra Patel, Deputy Chief Minister Harsh Sanghavi and Prime Minister Narendra Modi responded to the GDP figures.
- What
- India recorded 7.8% real GDP growth in the first quarter of 2026-27, alongside an 8.2% rise in real GVA.
- When
- The data and reactions were reported on Tuesday for the April-June quarter of 2026-27.
- Where
- The reactions came from Gujarat and New Delhi, while the economic data covered India.
- Why
- The growth was presented as evidence of economic resilience despite global uncertainty, wars, oil-price pressures and supply-chain disruptions; Modi also used it to call for greater domestic consumption and self-reliance.
- GDP growth
- Real GDP grew 7.8% year-on-year in the April-June quarter of 2026-27.
- Earlier estimates
- The growth exceeded the Reserve Bank of India’s 7% estimate and market expectations of about 7.1%.
- Real GVA
- Real Gross Value Added increased 8.2% during the quarter.
- Nominal GDP
- Nominal GDP increased 10.3%.
- Manufacturing
- Manufacturing grew 9.2% during the quarter.
- Growth supports
- Private investment increased sharply, while domestic consumption remained an important support.
- Policy appeal
- Narendra Modi urged citizens to strengthen Swadeshi and rely more on Indian products and services.