India's Q1 FY27 GDP Grows 7.8%, MoSPI Data Shows

What Happened?

The Ministry of Statistics and Programme Implementation (MoSPI) released the Provisional Estimates of Gross Domestic Product (GDP) for the first quarter (April-June) of FY 2026-27 on 31 August 2026. Real GDP grew by 7.8% year-on-year, up from 6.9% in Q1 FY 2025-26.

Key Highlights

• Real GDP at constant (2022-23 base year) prices rose to Rs 81.36 lakh crore, against Rs 75.46 lakh crore in Q1 FY26.
• Nominal GDP grew 10.3% to Rs 88.27 lakh crore.
• Real Gross Value Added (GVA) grew 8.2% to Rs 73.82 lakh crore.
• Growth was driven by strong capital investment, construction, and services sector performance.
• The next quarterly GDP release (Q2 FY27) is scheduled for 30 November 2026.

TNPSC Relevance

GDP estimates are released by the National Statistical Office (NSO) under MoSPI, using a base year of 2022-23. Static GK connections include the components of GDP (GVA plus taxes minus subsidies) and the difference between real and nominal GDP.

3 TNPSC MCQs

1. Which ministry released India's Q1 FY 2026-27 GDP estimates?
   (a) Ministry of Finance (b) Ministry of Statistics and Programme Implementation (c) NITI Aayog (d) RBI
   Answer: (b) Ministry of Statistics and Programme Implementation
   Explanation: The National Statistical Office under MoSPI compiles and releases India's GDP estimates.
2. What was India's real GDP growth rate in Q1 FY 2026-27?
   (a) 6.9% (b) 7.4% (c) 7.8% (d) 8.6%
   Answer: (c) 7.8%
   Explanation: Real GDP grew 7.8% year-on-year in Q1 (April-June) FY 2026-27, up from 6.9% a year earlier.
3. The base year currently used for India's National Accounts Statistics is:
   (a) 2011-12 (b) 2018-19 (c) 2022-23 (d) 2025-26
   Answer: (c) 2022-23
   Explanation: India's GDP series was revised to use 2022-23 as the base year.