India Q1 GDP Grows 7.8% YoY, Beats Estimates

India's gross domestic product (GDP) for the first quarter of the fiscal year grew 7.8% year-on-year, surpassing analyst estimates. The data signals robust economic momentum despite global headwinds.

The faster-than-expected expansion could provide support for the Indian Rupee (INR) by reinforcing foreign investor confidence. However, it may also give the Reserve Bank of India more room to maintain a cautious stance on interest rates, as inflation remains a concern.

Markets will now focus on the potential impact on rupee volatility and capital flows. The GDP print adds to a mixed global macro picture, with Asia's third-largest economy showing resilience.