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Informist, Friday, Jun. 5, 2026

 

NEW DELHI – Prime Minister Narendra Modi Friday said the figures of GDP growth for the financial year 2025-26 (Apr-Mar), particularly the figures for the March quarter, show the "inherent strength" of India's economy and the success of reforms. He said the country's growth momentum is strong.

 

"GDP growth rate of 7.7% in FY26 and 7.8% in Q4 of FY26 reflect the inherent strength of our economy, the success of reforms and the hard work of 140 crore (1.4 billion) Indians," Modi said in a social media post shortly after the statistics ministry released the data. "We shall leave no stone unturned to further 'Ease of Living,' 'Ease of Doing Business' and increase opportunities for our youth."

 

The March quarter figure of 7.8?at expectations handily. Experts polled by Informist had estimated GDP growth for the quarter to hover around 7.3%. The GDP growth was driven by the services, manufacturing, and construction sectors, besides capital expenditure. Data for the March quarter and FY26 are based on the new GDP series with FY23 as the base year.

 

Modi's post comes at a time when his government is facing criticism from even experts considered close to it for its handling of the economy. Former chief economic adviser Arvind Subramanian has flagged "a sense of drift" amidst a difficult economic situation. "We are in the midst of a difficult economic situation, and there is a sense of drift and of events overtaking decision-makers rather than decision-makers being on top of events," he told The Wire in an interview last week.

 

Similarly, economist Surjit Bhalla, a former member of the prime minister's Economic Advisory Council, wrote in a newspaper column last month that the Bharatiya Janata Party seems to be winning elections but losing the economy. He slammed the government for "applying band-aids instead of performing the surgery needed" to make investments in India more attractive, both for domestic and foreign investors.  End

 

Reported by Asim Khan

Edited by Rajeev Pai

 

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