India's GDP grows at robust 7.8% in Q1 FY26; beats estimates by wide margin

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India's GDP surged by 7.8% in the first quarter of FY 2025-26, exceeding expectations and surpassing the previous year's 6.5% growth. This robust performance is a welcome boost amidst concerns about potential impacts from newly imposed US tariffs. The agriculture and tertiary sectors showed significant improvements, while mining and quarrying experienced a decline.