The Report provides and overview of the Q1FY27 GDP release. It explains the reasons for the figure beating forecasts. Delving into the expenditure components, it establishes that GFCF growth has been at a series high and ties this up to trends in Union capex and private investment. It also offers a view on the trajectory of PFCE in the upcoming quarters. A GVA analysis shows the heavy-lifting done by manufacturing and continued contribution of services. Methodological changes which have caused changes in the deflator are also elucidated. The Report concludes with a view on growth and policy rates.
