India’s economy grows faster-than-expected at 7.8% in the June quarter
The Mumbai skyline on July 6, 2025.
Punit Paranjpe | Afp | Getty Images
India’s economy grew at a faster than-expected annual rate of 7.8% in the quarter ended June, owing to a strong performance of the manufacturing, construction sector and service sectors.
The gross domestic product print for the first quarter of the fiscal year 2026 came in higher than the 6.7% growth forecast by economists in a Reuters poll.
India’s economy had grown at 7.4% in the previous quarter.
The World Bank and International Monetary Fund project that the country’s economy will grow 6.3% and 6.4%, respectively, for the fiscal year 2026.
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