India's economy grew by 7.8 percent in the April-June quarter of the 2026-27 fiscal year. Prime Minister Narendra Modi noted that the growth demonstrates economic resilience despite global challenges such as oil price shocks and supply chain disruptions.
India's gross domestic product grew by 7.8 percent in the April-June quarter, exceeding expectations despite ongoing global economic uncertainties. Prime Minister Narendra Modi highlighted the performance on Monday, describing the growth rate during the first quarter of the 2026-27 fiscal year as a significant achievement.
The growth rate in the April-June quarter followed a previous quarter growth of 8.6 percent. Economic activity remained robust even as concerns persisted regarding the impact of the conflict in Iran and subsequent disruptions in energy markets.
According to official statements, the economy maintained momentum due to domestic resilience in the face of international headwinds, including oil price shocks and supply chain issues.
"India's consistent GDP growth demonstrates the fundamental strength of the domestic market, even when navigating complex international challenges like energy market volatility and supply chain disruptions. For businesses and entrepreneurs within the Indian startup ecosystem, this macroeconomic stability provides a reliable foundation for long-term planning, capital deployment, and consumer demand. While global uncertainties remain a variable to monitor, robust domestic performance continues to offer confidence for enterprise growth and market expansion." — Dr. Shishir Gupta, Founder & CEO, StartupLanes
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