India's GDP Grows 7.8% in Q1 of 2026-27, Best in Four Years

The correct answer is 7.8 per cent. Real GDP, that is GDP at constant prices, is estimated at ₹81.36 lakh crore for the first quarter of 2026-27, and that level represents growth of 7.8 per cent. The figure is the highest first-quarter growth recorded in the four years from 2023-24 onwards, and manufacturing and services carried it. Each wrong option is a real number from the same release, which is what makes them tempting. Option A is the growth rate of the first quarter of the previous year, so it is the base against which this quarter is compared. Option B is the Reserve Bank of India's projection for the quarter, which the outcome exceeded. Option D is the growth of real Gross Value Added, not of GDP; real GVA stood at ₹73.82 lakh crore. Keep the three apart: 7.0 was the forecast, 7.8 the GDP outcome and 8.2 the GVA outcome.

The correct answer is the Ministry of Statistics and Programme Implementation, usually shortened to MoSPI. Every table in the release, whether the expenditure components, the sector-wise Gross Value Added or the revised annual estimates, is sourced to that ministry. MoSPI also carried out the upward revision of real GDP growth for the three earlier years and moved the estimates to new price and production indices with base year 2022-23, among them an Output Producer Price Index and a Banking Services Price Index. Option C is wrong but close to the fact: the Reserve Bank of India had projected 7.0 per cent growth for this quarter, a forecast rather than the estimate itself, and the actual outcome was higher. NITI Aayog and the Department of Economic Affairs are not named in the release as the source of these national accounts figures at all.

The correct answer is Gross Fixed Capital Formation, the measure of investment funded within the economy. It grew 11.9 per cent in the first quarter of 2026-27 against 5.8 per cent in the same quarter of the previous year, and that jump is the sharpest change among the expenditure components listed. Option A is wrong on the number rather than the idea: Private Final Consumption Expenditure, which is household spending on goods and services, grew 7.1 per cent, up from 6.8 per cent. Exports grew 12.0 per cent, up from 6.0 per cent. Government consumption and imports are not among the components given growth figures in this release, so options C and D cannot be supported from it. For revision, remember the trio of drivers in order: exports 12.0, investment 11.9 and household consumption 7.1 per cent.

The correct answer is that the new base year is 2022-23. The annual revised estimates use new price and production indices on that base, including an Output Producer Price Index and a Banking Services Price Index, along with updated administrative data drawn from several sources. Option B reverses the direction of the change, because real GDP growth was revised upwards for all three earlier years. Option C is wrong for the same reason of fact: the Output Producer Price Index is one of the new indices brought in, not one removed. Option D misplaces a number that does appear in the release; 7.1 per cent was the earlier estimate for 2024-25, which was itself revised to 7.2 per cent, while the estimate for 2025-26 moved up from 7.7 to 7.8 per cent. The revisions matter because they show the strong quarter sitting on an already stronger path.