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Govt reforms, agile economic management bearing results: Nirmala Sitharaman on 7.8 pc Q1 GDP growth

India's real GDP grew 7.8 percent in the April-June quarter. This performance exceeded the Reserve Bank of India's earlier growth forecast. Finance Minister Nirmala Sitharaman credited the people and government reforms for this success. The government remains committed to expanding economic opportunities for all citizens. Nominal GDP grew 10.3 percent while real GVA recorded 8.2 percent growth.

Govt reforms, agile economic management bearing results: Nirmala Sitharaman on 7.8 pc Q1 GDP growth

We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

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Survey of Foreign Liabilities and Assets of Mutual Funds – 2025-26

Today, the Reserve Bank released the results of the 2025-26 round of the survey of Foreign Liabilities and Assets of the Mutual Funds (MFs) 1 .

  • MF foreign liabilities increased by 3.3% to US$ 31.5 billion in 2025-26.
  • Overseas assets climbed by 23.9%, totaling US$ 10.2 billion.
  • UAE, USA, UK, and Singapore held 50% of MF units by non-residents.

Sectoral Deployment of Bank Credit – July 2026

Data on sectoral deployment of bank credit for the month of July 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food…

  • Non-food bank credit grew 19.1% YoY in July 2026
  • Agriculture credit up 17.0%, industry credit rose 20.0%
  • Services credit surged 22.9% driven by NBFCs and trade

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