Brief by Shorts91 NewsDesk / 01:01pm on 29 Aug 2025,Friday India
India’s economy delivered a surprise 7.8% GDP growth in Q1 FY26 (April–June), outperforming forecasts of 6.7% and maintaining its status as the world’s fastest-growing major economy. This marks an uptick from 7.4% in the previous quarter, driven by front-loaded government spending, soft deflator effects, and early exports to the U.S. before the impact of 50% tariffs. Agriculture grew 3.7%, and manufacturing rose 7.7% year-on-year. Economists warn that tariff effects may soon dampen exports, employment, and private investment. Meanwhile, India’s fiscal deficit reached ₹4.68 lakh crore by July, or 29.9% of the full-year target, signaling pressure on public finances despite strong growth. (PC: Business Standard)
