A little over a fortnight after Independence Day, the National Statistical Organisation (NSO) on Monday gave us another reason to cheer. According to it, GDP - or the money value of goods and services produced within the country, valued in constant prices - grew at a better-than-expected 7.8% during Q1 of the current fiscal (April-June 2026).
This follows a similar better-than-expected growth of 7.8% in the previous quarter, an upwardly-revised 6.9% during the comparable quarter of the previous year, and way higher than RBI's estimate of 7%. All this, despite inclement external environment. Which suggests that the word 'resilient', favoured by Sanjay Malhotra and Nirmala Sitharaman to describe the Indian economy, may not be misplaced.
