"Doomsayers Doomed, India Bloomed": PM Modi Says GDP Growth "Exemplary"
India's GDP grew by 7.8% in the first quarter of FY27, exceeding Reserve Bank of India estimates. Prime Minister Modi praised the performance as a 'herculean feat' despite global economic headwinds.
Why it matters
Strong economic data reinforces the government's narrative of resilience and growth in the face of global supply chain and inflation challenges.
India's Gross Domestic Product (GDP) growth jumped to 7.8 per cent in the first quarter of financial year 2027 (FY27), government data released on Monday showed, beating the Reserve Bank of India's (RBI) estimates. Prime Minister Narendra Modi termed the growth as "exemplary".The GDP growth in the April-June quarter was lower than the preceding one, which came in at 8.6 per cent, but was higher than that of the same quarter last financial year. The Indian economy in the April-June quarter last year grew at 6.9 per cent.The RBI had previously estimated the Indian economy to grow at 7 per cent in the first quarter.According to data from the Ministry of Statistics and Programme Implementation (MoSPI), sectors including financial, real estate, IT and professional services boosted India's growth in the first quarter of FY27. Prime Minister Narendra Modi said that achieving the growth was a "herculean feat"."India's exemplary GDP growth of 7.8%…
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