Page 28 - NIS English 16-30 September, 2026

ECONOMY | GDP

India Triumphs on the Economic Turf Amidst Global Challenges

India’s growing economic confidence...
The Economy Grew At A

Pace Of 7.8%

The Central Government, under the leadership of Prime Minister Narendra Modi, is committed
to expanding economic opportunities for citizens. Several reforms were implemented to
accelerate the economy. Thanks to these reforms and efficient management, the Indian
economy is not only the fastest-growing in the world today but is also surging ahead rapidly
despite global challenges. The Indian economy’s 7.8% growth rate in the April-June quarter
showcases the collective strength of the nation’s people.

he Indian economy’s rapid growth continued into the
first quarter of the 2026-27 fiscal year, even amidst
Tglobal challenges and uncertainties. According to a
report by the Ministry of Statistics and Programme Imple-
mentation (MoSPI), the economy grew at a rate of 7.8%
during the April-June quarter. This growth rate surpassed
the Reserve Bank of India’s projections; the RBI had estimat-
ed a growth rate of 7% for this quarter. However, when the
data was released on August 31, the growth exceeded ex-
pectations. In the same period a year earlier, India’s growth
rate stood at 6.9%.

INDIA SHINES BRIGHT ONCE AGAIN
Prime Minister Narendra Modi congratulated the nation on
achieving a Gross Domestic Product (GDP) growth rate of
7.8% in the first quarter of the fiscal year. In a video message,
he highlighted the robust GDP figures, stating that they
reflect the country’s growing economic confidence. India’s

26 NEW INDIA SAMACHAR || Sep 16-30, 2026