India gave a 7.8% GDP blow to 'Dead Economy Trump', gave a befitting reply to tariff

National News: Donald Trump's tariffs that troubled the whole world could not bother India's GDP at all. Trump had called India a 'dead economy' but India's first quarter GDP data surpassed all estimates and performed amazingly. If government data is to be believed, India's growth rate was at a 5 quarter high. India's economic growth rate was 7.8 percent in the April-June quarter of the current financial year.

According to government data released on Friday, the GDP (gross domestic product) growth rate has increased mainly due to the good performance of the agricultural sector. India remains the fastest growing major economy, as China's GDP growth was 5.2 percent in April-June.

Agriculture And Manufacturing Drive Growth

According to the data, the highest GDP growth before this was 8.4 percent in January-March 2024. According to the data of the National Statistical Office (NSO), the agriculture sector recorded a growth of 3.7 percent, which was 1.5 percent in the April-June quarter of 2024-25. The growth rate of the manufacturing sector increased marginally to 7.7 percent in the first quarter of the financial year 2025-26, as against 7.6 percent in the same quarter a year ago.

India GDP Growth Hits 7.8%

According to government data, real GDP or GDP at constant prices is estimated to be Rs 47.89 lakh crore in the first quarter of FY 2025-26, while it was Rs 44.42 lakh crore in the first quarter of FY 2024-25, showing a growth rate of 7.8 percent. Nominal GDP or GDP at current prices is estimated to be Rs 86.05 lakh crore in the first quarter of FY 2025-26, while it was Rs 79.08 lakh crore in the first quarter of FY 2024-25, showing a growth rate of 8.8 percent.

Agriculture And Mining Sector Growth

The primary sector, which covers agriculture and mining, grew by 2.8% annually in Q1 FY26 compared to 2.2% in Q1 FY25. Agriculture showed strong improvement with 3.7% growth this year, higher than 1.5% last year. However, the mining sector faced a steep decline of 3.1% in Q1 FY26, reversing the 6.6% growth seen in Q1 FY25.

Manufacturing And Services Sector Growth

The secondary sector, which includes manufacturing and power, recorded 7% growth, lower than 8.6% last year. Manufacturing remained steady with 7.7% growth, almost the same as 7.6% in FY25. The tertiary sector grew by 9.3% overall, with trade, hotels, transport and communication services rising to 8.6% from 5.4% last year. Financial and real estate services jumped to 9.5% compared to 6.6% earlier, while public administration and defence saw 9.8% growth, up from 9% in FY25.