India’s economy expanded at a rate of 7.8 per cent in the first quarter of the current financial year, the Prime Minister’s Office announced on 1 September 2026. Prime Minister Narendra Modi released a video message marking the achievement and said the growth figures signal rising business and consumer confidence across the country. The announcement comes as the government tracks economic performance through the year.
The numbers
The Gross Domestic Product grew at 7.8 per cent during the April-June quarter of the financial year 2026-27. The Prime Minister described these as “strong numbers” and pointed to them as evidence of strengthening economic sentiment in the nation.
What this means for you
A growth rate of 7.8 per cent suggests that factories, farms, shops and services across India are producing more goods and services than before. This usually means more jobs may become available, wages could rise, and businesses may feel encouraged to hire and expand. Higher growth also generates more tax revenue for the government to spend on infrastructure, healthcare and education. However, actual benefits reach citizens unevenly—some sectors and regions grow faster than others, and not everyone experiences improved income or employment from national growth figures alone.