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Business
India's Q1 FY24 GDP growth likely slows to 7.1%, Moneycontrol reports
✍️ Moneycontrol.com
🗓 26 Aug 2026, 06:38 AM
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A Moneycontrol analysis suggests that India's GDP growth for the April‑June quarter may have decelerated to 7.1%.
A recent analysis published by Moneycontrol indicates that India's gross domestic product grew at an estimated 7.1% in the April‑June quarter, marking a slowdown from the pace recorded in the previous three‑month period. The estimate, based on government data releases and statistical revisions, is the latest signal of a moderating expansion as the fiscal year progresses.
Economists note that the deceleration reflects a combination of domestic and external factors, including tighter global demand and fluctuations in commodity prices, which have begun to temper the momentum that propelled growth earlier in the year. While the slowdown does not signal a recession, it suggests that the economy is moving toward a more sustainable growth trajectory.
The official figures are expected to be released by the Ministry of Statistics and Programme Implementation later this month. Policymakers will compare the provisional estimate with the final data to assess whether monetary and fiscal measures need adjustment to sustain growth.
If the 7.1% figure is confirmed, it will remain well above the long‑term target set by the government, but the trend will be closely watched by investors and analysts ahead of the upcoming budget cycle.
Economists note that the deceleration reflects a combination of domestic and external factors, including tighter global demand and fluctuations in commodity prices, which have begun to temper the momentum that propelled growth earlier in the year. While the slowdown does not signal a recession, it suggests that the economy is moving toward a more sustainable growth trajectory.
The official figures are expected to be released by the Ministry of Statistics and Programme Implementation later this month. Policymakers will compare the provisional estimate with the final data to assess whether monetary and fiscal measures need adjustment to sustain growth.
If the 7.1% figure is confirmed, it will remain well above the long‑term target set by the government, but the trend will be closely watched by investors and analysts ahead of the upcoming budget cycle.