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India's Q2 GDP grew 7.8% YoY, exceeding expectations, driven by strong manufacturing and investment, with credit growth hitting a decade high.
India's government released data on Monday showing that GDP grew by 7.8% year-on-year from April to June 2026, exceeding market expectations of 7.1% and the Reserve Bank of India's (RBI) previous forecast of 7%. However, this represents a slowdown from the previous quarter's 8.6%. Strong performance in manufacturing, investment, and financial services were the main drivers, with India's loan growth reaching 18.3% at the end of June, the highest level in over a decade.
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