NSE CEO Explains Why India’s 7.8% GDP Growth In Q1 FY26 Outperformed Global Projections — Details | Economy

Ashishkumar Chauhan, CEO and MD of the National Stock Exchange (Source: X)

Chauhan noted that India’s 7.8 per cent GDP growth is not just a domestic triumph, but the best performance globally. While many international agencies had predicted a more modest 6.5 per cent growth for India, the economy outperformed expectations by a wide margin.

“The growth is seen across sectors — travel, tourism, production, manufacturing, services, and the tertiary sector. Overall, this has been a tremendous performance, especially if you look at the growth rate projections even by global agencies, as they don’t give more than 6.5 per cent growth rate for the entire calendar year to India,” said Chauhan.

Sector-Wide Growth: Agriculture, Manufacturing, And More

Breaking down the stellar performance, India’s agricultural sector bounced back robustly with a 3.7 per cent growth, a massive jump from the 1.5 per cent registered in Q1 FY 2024-25. The manufacturing sector saw an impressive 7.7 per cent growth, while construction grew at 7.6 per cent.

In the services sector, which includes critical components like trade, hotels, and financial services, growth skyrocketed by 9.3 per cent, up from 6.8 per cent in the same quarter last year.

Positive Outlook: Strong Q2 And Beyond

Looking ahead, Chauhan is optimistic that the momentum will continue in the second half of FY26. He pointed to favourable monsoon rains, low inflation, and the inherent strength of the Indian economy as key drivers for sustained growth.

“GST and tax reforms will only further boost the growth trajectory,” he added. As India continues its impressive run, the prospects for a robust economic future look more certain than ever.

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