India's Q1 GDP grows 7.8%, beating estimates; industry upbeat on momentum

India's gross domestic product expanded at 7.8 percent in the first quarter, exceeding market forecasts. The growth reflects strong domestic economic activity backed by government reforms.

Economists and industry participants have welcomed the performance, though they cautioned that sustaining the momentum requires higher rates of private investment. Productivity gains, manufacturing output, export performance, and job creation will be critical to maintaining growth trajectory.

Despite expectations of some moderation ahead, the full-year growth outlook remains healthy, analysts said.