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Informist, Friday, Jun. 5, 2026

 

NEW DELHI - Madan Sabnavis, chief economist, Bank of Baroda, said the following on India's GDP growth of 7.8% for the March quarter:  

 

The provisional estimate on growth for 2025-26 (Apr-Mar) stands now at 7.7%, which is marginally above the second advance estimate of 7.6%. Nominal GDP growth is now marginally higher at 8.9% with an absolute value of INR 345 trillion.

 

The Jan-Mar performance was good for the economy with high growth of 7.8%. This does indicate that the war effect was muted as well as the corporate performance was good. Agriculture was propped up to 3.6% due to the rabi harvest. Mining and power grew 5.4% and 4.1%, which was due to lower coal production and demand for electricity.

Construction was high at 8.4%, with projects being expedited in the last quarter. Both trade, transport, hotels, communication and finance registered double-digit growth rates.

The sector which grew at a lower rate was public administration, and defence and other services by 5.8%. This can be attributed more to fiscal restraint shown by both the Centre and states to meet the fiscal deficit ratio targets.

Of positive interest was steady growth in consumption and capital formation by 9.5% and 13.2%, respectively, which vindicates in a way the push given by the government to spending during the year.  End

 

Compiled by Shubham Rana
Filed by Avishek Dutta

 

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