The latest GDP numbers, released on Monday, surpassed expectations and provided a strong vote of confidence in the underlying strength of the Indian economy. Real GDP at constant prices rose to Rs 81.36 lakh crore in Q1 FY27, from Rs 75.46 lakh crore a year earlier, while real gross value added (GVA) grew by an even stronger 8.2%.

The performance comes against a backdrop of geopolitical tensions, volatile energy prices, trade uncertainties and continuing weakness in parts of the global economy. Yet, India’s growth engine appears to have remained firmly anchored in domestic demand, with manufacturing, services, consumption and investment providing the crucial momentum.