India’s Q1 GDP Growth Hits 7.8%, NSE CEO Celebrates Performance

India’s economy has recorded impressive growth, with the Gross Domestic Product (GDP) expanding by a remarkable 7.8 percent during the first quarter of the current financial year (Q1 FY26). This surge, reported on August 30, 2025, reflects broad-based gains across multiple sectors, marking a significant upturn compared to the 6.5 percent growth experienced in the same quarter of the previous fiscal year.

Ashishkumar Chauhan, the Chief Executive Officer and Managing Director of the National Stock Exchange (NSE), characterized the growth as “absolutely exhilarating.” He emphasized that this performance places India at the forefront of global economic growth, surpassing projections made by international agencies, which estimated a maximum growth of 6.5 percent for the entire calendar year.

Sectors Contributing to Growth

The growth trajectory is attributed to various sectors, showcasing resilience and recovery. The travel and tourism sector, alongside production and manufacturing, played pivotal roles in driving this expansion. Notably, the agriculture sector rebounded strongly, achieving a growth rate of 3.7 percent in Q1 FY26, compared to just 1.5 percent in the same quarter last year, when adverse weather conditions hampered crop yields.

The manufacturing sector reported a solid growth of 7.7 percent, while the construction sector grew by 7.6 percent. The tertiary sector, encompassing services, demonstrated remarkable performance with a growth rate of 9.3 percent, significantly up from 6.8 percent in Q1 of FY 2024-25. Chauhan noted that this widespread growth is indicative of the robust momentum within the Indian economy.

Future Projections and Economic Outlook

Looking ahead, Chauhan expressed optimism for the remainder of the fiscal year, attributing this confidence to favorable conditions such as a robust monsoon season and low inflation rates. He highlighted that the structural reforms, including Goods and Services Tax (GST) adjustments and tax reforms, are anticipated to further bolster economic growth.

As India continues to demonstrate remarkable resilience and growth potential, the impressive figures released by the Ministry of Statistics not only affirm the country’s economic strength but also provide a foundation for future investment and development strategies. The ongoing momentum suggests that the Indian economy is well-positioned to navigate both domestic and global economic challenges in the coming months.