India's Q1 GDP Grows 7.8%, Retaining World's Fastest-Growing Major Economy Crown

India solidified its position as the world's fastest-growing major economy as real GDP expanded by a stellar 7.8% year-on-year in the first quarter of the fiscal year.

The National Statistical Office (NSO) highlighted that double-digit gross value-added growth in manufacturing and construction, coupled with vibrant financial and transportation services, propelled domestic output.

Capital formation reached 34.2% of GDP, backed by record central government infrastructure capital spending on highways, freight corridors, and ports.