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Business
India's Q1 GDP Growth Forecasted at 7.3% Amid Iran War Shock
✍️ The Economic Times
🗓 17 Aug 2026, 08:01 AM
👁 2
An Economic Times poll projects India's first‑quarter GDP to expand 7.3% year‑on‑year, citing steady consumption and capital expenditure as buffers against the economic fallout from the Iran war.
A recent poll conducted by The Economic Times indicates that India's gross domestic product is expected to grow by 7.3% in the first quarter of 2024, up from 7.2% in the same period last year. The estimate reflects confidence in domestic consumption and investment spending, which have remained resilient despite global uncertainties.
Analysts point to robust retail sales, housing construction and manufacturing output as key contributors to the growth forecast. Capital expenditure by both the public and private sectors is projected to maintain momentum, helping to offset any negative impact from external shocks.
The poll also acknowledges the economic ripple effects of the ongoing conflict in Iran, which has disrupted global supply chains and raised energy prices. However, India's diversified economy and strong domestic demand are seen as cushioning the shock.
If the projected growth materialises, it would reinforce India’s position as one of the fastest‑growing major economies in the world and could influence policy decisions on fiscal stimulus and monetary easing in the coming months.
Analysts point to robust retail sales, housing construction and manufacturing output as key contributors to the growth forecast. Capital expenditure by both the public and private sectors is projected to maintain momentum, helping to offset any negative impact from external shocks.
The poll also acknowledges the economic ripple effects of the ongoing conflict in Iran, which has disrupted global supply chains and raised energy prices. However, India's diversified economy and strong domestic demand are seen as cushioning the shock.
If the projected growth materialises, it would reinforce India’s position as one of the fastest‑growing major economies in the world and could influence policy decisions on fiscal stimulus and monetary easing in the coming months.