India’s real GDP grew by 7.8 percent in the first quarter of fiscal year 2027, reaching an estimated ₹81.36 lakh crore. The Ministry of Statistics and Programme Implementation reported that nominal GDP rose 10.3 percent to ₹88.27 lakh crore between April and June. Investment activity remained robust, with gross fixed capital formation climbing 11.9 percent at constant prices.
The tertiary sector drove this expansion, growing by 10 percent. Data from a trial Index of Services Production showed growth across 18 of 19 sub-sectors in June, led by a 24.7 percent surge in real estate, alongside strong performance in retail, wholesale trade, and IT services.
These results follow adjustments to GDP calculation methodology, including a new base year and the integration of the Producer Price Index. These changes led to upward revisions for growth rates and GDP levels recorded between fiscal years 2023 and 2026.
