GDP / IIP / Growth Data

India’s economy demonstrated robust momentum in the first quarter of fiscal year 2026-27, with real GDP growth accelerating to 7.8%, exceeding expectations and reflecting strength across multiple sectors. This positive trajectory is further supported by a sovereign credit rating upgrade from Japan Credit Rating Agency to 'A-' driven by strong economic fundamentals and policy reforms. Contributing to this growth, the Index of Core Industries expanded by 4.8% in August, while the services sector continued to expand, albeit at a slower pace. The government is also actively promoting job creation through initiatives like the PM Viksit Bharat Rozgar Yojana, signaling a focus on sustained economic expansion amid global uncertainties.