business π IMF praises India's strong 7.8% GDP growth
India's real GDP expanded by 7.8 percent in the first quarter of FY 2026β27, according to data from the Ministry of Statistics and Programme Implementation. The International Monetary Fund noted this growth was driven by stronger-than-expected services and export activity across the nation. This performance reflects the Indian economy's resilience despite the energy price shock linked to the Iran war. The IMF spokesperson mentioned they are monitoring higher oil prices and will release new forecasts in October. Overall, this upward surprise shows India remains a major global growth engine. π