GDP grew 7.8% in April-June, led by services and investment
Investment grew 11.9%, about double the pace of a year earlier, while farm growth slowed.
Sarah Qureshi
2 min read
India's real GDP grew 7.8% in the April-June quarter of 2026-27, up from 6.9% in the same quarter a year earlier, according to MoSPI estimates released on 31 August. Nominal GDP, which includes inflation, grew 10.3%. Real gross value added (GVA) grew 8.2%.
Most sectors grew faster than a year ago
Real GVA growth by sector, April-June, year-on-year %
Services and construction did the lifting
The services sector grew 10.0%, against 8.0% a year earlier. Within it, financial, real estate and professional services grew 12.1%, and public administration, defence and other services 7.5%. Trade, hotels, transport and communication slowed to 8.5% from 9.8%.
In industry, manufacturing grew 9.2% and construction 7.7%. Electricity, gas and water supply grew 8.9% after shrinking 1.8% a year earlier. Mining contracted 2.4%.
Farming was the weak spot. Agriculture, livestock, forestry and fishing grew 3.6%, slower than 4.4% a year ago.
Investment picked up
On the spending side, gross fixed capital formation, which measures investment in buildings, machinery and infrastructure, grew 11.9% against 5.8% a year earlier. Private consumption grew 7.1%, up from 6.8%.
These estimates use the new 2022-23 base year. Estimates for July-September are due on 30 November 2026.
Written by
Sarah Qureshi
Sarah Qureshi writes India in Data's stories on the economy, markets and public data.
More from Business
View allIndustrial output grew 8% in August
Manufacturing rose 9% and electricity 12.3%, while mining shrank 5.6%.