India posts 7.8 percent GDP growth in March quarter

India's economy expanded 7.8 percent in the March quarter, beating forecasts and lifting full-year growth for fiscal 2026 to 7.7 percent. The result was supported by strong private investment and consumption.

The performance came despite concerns linked to the West Asia conflict. Officials noted that the expansion defied expectations tied to regional tensions. The government has reaffirmed its commitment to ongoing reforms aimed at sustaining economic momentum. Risks such as potential impacts from El Nino remain on the outlook for the year ahead. Private sector activity played a central role in driving the quarterly gain. Consumption trends also contributed positively to the overall result.

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Realistic illustration showing India's economic growth with cityscape and financial symbols amid global challenges.
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India's economy grows 7.7 per cent in 2025-26 amid global shocks

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Provisional GDP estimates released on Friday show 7.7 per cent growth for 2025-26. The figure exceeds the government's February prediction by 0.1 percentage points. Outlook for 2026-27 points to a slowdown.

A sample of 164 companies reported revenue growth of 17.5 percent and net profit growth of 14.5 percent in the first quarter. The figures mark the fastest revenue expansion in at least nine quarters and the second straight quarter of double-digit profit gains.

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Corporate India posted robust revenue increases during the March 2026 quarter. However, rising input costs and a weaker rupee pressured operating margins across many companies.

Gokaldas Exports achieved strong sequential growth in both revenue and profit for the March quarter. The company posted a 9% rise in revenue despite ongoing global trade disruptions and US tariff pressures.

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Kenya's economy expanded by 5.3 per cent in the first quarter of 2026, driven by strong growth in tourism and transport sectors according to the latest report by the Kenya National Bureau of Statistics.

South Korea's industrial output, retail sales and facility investment all rose from a month earlier in March, official data showed on April 30. It marked the first time since September that all three indicators posted on-month growth. A ministry official said the Middle East crisis has not yet impacted the economy.

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