Department of Economic Affairs (DEA) Secretary Anuradha Thakur on Saturday expressed confidence that India will meet its fiscal deficit target of 4.4 per cent for 2025-26, despite the first quarter showing a wider deficit than last year.
Robust Q1 GDP growth underlines the basic resilience and the strengthening of the momentum in the economy, which is anchored in strong macro-economic fundamentals, a senior government official said on Saturday.
Observers and experts of the Indian economy have hailed the first-quarter GDP growth figures, saying that the numbers are a strong sign of economic resilience.
Bharatiya Janata Party (BJP) National Spokesperson Dr. Syed Zafar Islam on Friday hailed the latest GDP figures, terming them a "slap on the face of the Opposition" and a testament to the robust growth of India's economy under Prime Minister Narendra Modi's leadership.
India's real GDP grew by 7.8% in Q1 FY26, reflecting strengthening momentum in the economy, anchored by strong macroeconomic fundamentals, sources in the Finance Ministry said on Friday, noting that the High Frequency Indicators had been green-signalling the potentially higher numbers.
Industry chambers on Friday said that GDP growth of 7.8% for Q1 FY26 is a testament to the Indian economy's resilience, signals strong momentum at the start of the fiscal year and will help boost business sentiments when the country is facing global headwinds
India's real GDP has been estimated to grow by 7.8 per cent in the April-June quarter of the financial year 2025-26 over the growth rate of 6.5 per cent in the same quarter of the previous fiscal, official data showed Friday.
India's GDP for the first quarter of financial year 2026 is expected to clock a growth rate of 7 per cent, up from 6.5 per cent in the first quarter of Financial year 2025 (Q1 FY25), according to a report by Union Bank of India (UBI).
Several Indian banks are expecting their net interest margins (NIMs) to improve in the second half of the current financial year after reporting a weak performance in the April-June quarter, according to a report by S&P Global.
Adani Group has reported a record financial performance for its portfolio in the Trailing Twelve Months (TTM) ending June 2025 and for the first quarter of FY26.
India Inc. is expected to report a modest year-on-year revenue growth of 5-6 per cent in the second quarter of FY2026, compared with 5.5 per cent growth recorded in Q1 FY2026, according to a report by ICRA.
The LPG under-recovery for Oil Marketing Companies (OMCs) witnessed a sharp decline in the first quarter of FY26, narrowing by nearly 35 per cent quarter-on-quarter, according to a report by Care Edge Ratings.