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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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.

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.

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Economic analysts expect positive GDP growth figures for South Africa's first quarter when Statistics South Africa releases the data on Tuesday.

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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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