India Q1 GDP Data Highlights: PM Modi says doomsayers were doomed and India bloomed; GDP grows at robust 7.8% defies US-Iran war impact - The Times of India
• India's GDP grew at a robust 7.8% during the first quarter (April-June) of the 2026-27 financial year, defying negative predictions and the economic impact of the US-Iran conflict. • Prime Minister Narendra Modi highlighted the growth as a victory over "doomsayers," signaling strong domestic resilience despite global geopolitical instability. • Deloitte India economist Rumki Majumdar warned that rising import prices, driven by Middle East tensions and high commodity costs, are outpacing export realizations.
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