Indianomics | India GDP Grows 7.8% In Q1 FY27 | Can Growth Hold Amid Global Headwinds?

1. Executive Briefing (TL;DR)

• Top Key Takeaways:

  • Surprise Q1 FY27 Real GDP Print: India’s real GDP grew by a robust 7.8% in Q1 FY27, outperforming the CNBC-TV18 consensus poll (7.5%) and the RBI’s baseline projection (7.0%) [00:00:10].
  • Nominal Growth Disconnect: Nominal GDP disappointed at 10.3% against market expectations of 13.9%, caused by negative manufacturing GVA deflators where input costs rose faster than output prices [00:00:18], [].