India Reports 7.8% Economic Expansion in Q1 as Modi Commends Early Gains NEW DELHI, INDIA / RankWire.AI / – Prime Minister Narendra Modi lauded India’s 7.8% economic growth during the April to June quarter of fiscal 2026-27. The official figures revealed sustained momentum across manufacturing, services, consumption, and investment sectors. Describing the growth rate as a “herculean feat,” Modi emphasized it was achieved amid worldwide economic challenges. He pointed out oil price shocks, supply chain disruptions, and increased uncertainty as primary hurdles for the economy. The Prime Minister also praised the perseverance and efforts of India’s population.India opened FY27 with 7.8% GDP growth backed by gains across major economic sectors. According to the Ministry of Statistics and Programme Implementation, India’s real gross domestic product hit ₹81.36 lakh crore in the first quarter, up from ₹75.46 lakh crore in the same period last year. Nominal GDP saw a 10.3% rise to ₹88.27 lakh crore from ₹80 lakh crore. Meanwhile, real gross value added increased by 8.2% to ₹73.82 lakh crore. Nominal GVA climbed 11.5% to ₹80.53 lakh crore, indicating higher output at current prices. Manufacturing grew by 9.2% from the previous year, making it one of the key drivers of quarterly growth. The finance, real estate, and
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