TNR NEWS Network
Reacting to the latest figures released by the Ministry of Statistics and Programme Implementation (MoSPI) for the first quarter (April–June) of FY 2026‑27, BJP State Spokesperson Sanjay Sharma described the results as a reflection of India’s strong economic foundation.
He noted that while the complete assessment will be made at the end of the financial year, the Q1 numbers are highly encouraging. Despite global uncertainties and the West Asia crisis, India has once again surprised the world with its resilience.
The Reserve Bank of India’s Monetary Policy Committee had projected a 7% growth rate for Q1, but India achieved an impressive 7.8% Real GDP growth, surpassing all expert estimates. Alongside this, Nominal GDP growth stood at 10.3% and Gross Value Added (GVA) growth at 8.2%, underscoring the robustness of the nation’s economic framework under the leadership of Prime Minister Narendra Modi.
Key Highlights:
- Better than estimates: Against RBI’s forecast of 7%, India recorded 7.8% growth, showcasing its strong economic capacity.
- Resilience amid global slowdown: Despite oil price fluctuations and supply chain pressures, India remains the fastest‑growing major economy.
- Boost in capex & manufacturing: Government capital expenditure rose by 18.6%, while the manufacturing sector grew by 9.2%, driving infrastructure expansion and job creation.
Sanjay Sharma emphasized that, in the Prime Minister’s words, “the pessimists have once again failed”, and India’s collective economic strength has proven that the nation is rapidly advancing toward new heights of prosperity.
