Tripura University Result 2026 for BA. B.SC, B.Com courses out at tripurauniv.edu.in, link hereTripura University Result 2026 for BA. B.SC, B.Com courses has been released. The direct link to check the results is given here. Updated on: May 07
A disturbing video, allegedly from Motilal Nehru Medical College (MLNMC), Prayagraj, has riled people on social media, reigniting the urgent conversation about the “ragging" culture in India’s elite institutions. The footage, recorded by a junior who alleges she is being ragged
Days after his shocking march to a bank with his sister’s skeleton drew global attention, the tribal man in Odisha’s Keonjhar district was compelled to perform her last rites and host a community feast allegedly under the threat of social boycott. However, the man, Jitu Munda
Sir HN Reliance Foundation Hospital psychiatrist reveals if screens cause 'brain damage' in kids and what parents can doDr Ashutosh Shah offers a nuanced perspective on a topic every parent worries about: screen time. Find out if and how early screen use is stunting your child. Published on: May 07
Businessman Anil Ambani told the Delhi High Court on Thursday that television news channel NDTV had published “defamatory” reports about him to aid the Adani Group’s alleged attempt to take over his companies, Bar and Bench reported. The Gautam Adani-led Adani Group is the majority
Simran says Bollywood ‘disrespects’ South actors, ignores their legacy: ‘They bargain on hotels, tickets’Simran, a prominent Tamil actor, expressed her struggles in Bollywood, feeling that South Indian actors are often disrespected May 7, 2026
As artificial intelligence reshapes how companies discover talent and innovation, AI hackathons are evolving beyond coding competitions into high-impact innovation environments. ET AI Hackathon 2.0 reflects this shift by bringing together emerging builders, developers
Meta has confirmed that some Instagram account-holders might see new follower counts as the platform goes about removing inactive accounts as part of its “routine process”. Since Wednesday (May 6, 2026), both Indian and international media outlets reported that “millions” of followers had
GDP growth blows past estimates, hits 5-quarter high of 7.8%
The Indian economy grew at a significantly better than expected 7.8% in the quarter ending June , the highest this number has been in five quarters, underlining strong domestic tailwinds to growth amidst growing external headwinds from US tariffs on Indian exports. While the latest GDP numbers will boost economic sentiment, they could also nudge the Reserve Bank of India to hold back on any further easing of interest rates in the near term even though inflation is expected to remain benign.
“Despite the reciprocal penal tariff, we are maintaining our growth range (of 6.3%-6.8%) for full year,” chief economic adviser V Anantha Nageswaran said at a press conference after the data release.
Growing domestic consumption and strong economic fundamentals that earned India a sovereign debt ratings upgrade by S&P are reasons to be positive about the economy, Nageswaran said.
“High-frequency indicators for July 2025 indicate a carry-forward of Q1 economic momentum as domestic demand is expected to strengthen in the upcoming quarters with the onset of the festive period and forthcoming GST rate changes,” he added.
Higher kharif sowing supported by above-normal rainfall, comfortable buffer stocks and better output prospects for agriculture would keep food inflation benign, he added. “However, near-term risks to economic activity, principally exports and capital formation, remain due to tariff-related uncertainties,” Nageswaran added. He added that the 25 per cent penal tariff imposed by the US on Indian goods will be “short-lived”.
GDP growth increased for the third consecutive quarter in the first quarter of fiscal year 2025-26. The 7.8% growth is 43 basis points – one basis point is one hundredth of a percentage point – higher than the March quarter number and 1.3 percentage point higher than the 6.5% print in the June quarter of last fiscal year. The latest GDP growth number has also sprung a big positive surprise on analysts. A Bloomberg poll of economists expected growth to be 6.7%.
What explains the extraordinary growth in GDP in the June quarter?
From the production side, it is a result of all three sectors, agriculture, industry and services doing well. Agricultural growth was 3.7%, more than double the 1.5% growth a year ago. Industry, driven by a 7.7% growth in manufacturing and helped by a 7.6% growth in construction despite a double-digit growth last year managed to post an aggregate growth of 7%. Services, which account for more than 50% of the Gross Value Added (GVA, which strips out volatile indirect taxes and subsidies from the GDP number) grew at a massive 9.3%. Even net indirect taxes grew at a robust 10.3%.To be sure, high frequency data such as from the Purchasing Managers' Indices for manufacturing and services has been suggesting a strong growth momentum in these sectors.
From the expenditure side, private final consumption expenditure (PFCE) posted a growth of 7% on top of the 8.3% growth in the June quarter last year. Gross fixed capital formation (GFCF) grew at 7.8% suggesting that government capex continues to drive economic momentum and even the private capex cycle could be showing signs of finally making a revival. Exports, however, lost growth momentum, growing at 6.3% compared to 8.3% a year ago. This is something which could become worse going forward unless the 50% tariffs imposed by the US – 25% base tariff along with 25% on account of Indian import of Russian crude oil while a bigger importer, China has not been penalized – are not removed. Because the US tariffs have only become effective from August, their impact on GDP data will not be known until November when the second quarter GDP numbers will be released.
It remains to be seen whether RBI makes an upward revision to its 2025-26 growth projection of 6.5% for the Indian economy in its next Monetary Policy Committee (MPC) meeting scheduled from 29 September to 1 October. Going forward, the economy will be dealing with both headwinds such as US tariffs on Indian exports – US is India's largest export market and accounts for almost one-fifth of Indian exports – and tailwinds from the tax boost on account of lowering of income tax and now GST rates ahead of the festive season and also bounteous monsoon rainfall.
To be sure, not everything is cheery in the latest GDP data released by the National Statistical Office (NSO) on Friday. While growth numbers do point towards strong economic momentum, especially in the service sector of the economy, the convergence between nominal and real GDP growth rates on account of falling inflation could post some fiscal worries. Nominal GDP growth in the June quarter was just a percentage point more than the real growth of 7.8% and almost a percentage point lower than what this number was last year at 9.7%. This is perhaps a reflection of retail and wholesale inflation falling to just 2.7% and 0.3% respectively in the June quarter. GDP deflator is a weighted average of the two. Because nominal GDP is the base for revenue collection, a lower nominal GDP growth could generate headwinds for taxes over the fiscal year.
The 2025-26 Union Budget assumed a 10.1% nominal GDP growth. The revenue loss on account of effective reduction in GST rates on account of rationalization of slabs from 5%, 12%, 18% and 28% to just 5% and 18% along with a likely sin tax category of 40% – it was announced by Prime Minister Narendra Modi in his Independence Day speech – is likely to eat into the assumed tax buoyancy calculations in the budget.
“The super growth surprise of 7.8% emanates from extremely soft deflator-led technical boost, front-loaded government and front-loaded exports to the US. Some of these factors will reverse as we move ahead. However, there is likely to be a lot of noise in upcoming quarterly GDP prints,” said Madhavi Arora, chief economist at Emkay Global.
Upasna Bhardwaj, chief economist at Kotak Mahindra Bank, said the higher-than-expected Q1 FY26 GDP growth offers some upside. However, “We remain cautious about the outlook, given the anticipated export slowdown due to higher tariffs and potential delays in production ahead of expected GST rate cuts. We expect some policy measures to be introduced to help cushion exporters from the impact of these tariffs,” Bhardwaj said.
(With inputs from Reuters)
Source: HindustanTimes
Related Posts: India service economy grew at its slowest pace in 14 months in March 2026 UK economy grew by 0 China economy grew below 3% in 2025 Musician born to Canadian mom and Italian dad shares how she grew up in India Online bus bookings grew 25% in 2025 Why South Mumbai property prices may go significantly higher Trump's Energy Secretary Warned Iran Conflict Would 'Significantly Escalate' Oil Prices Executions in North Korea ramped up significantly during pandemic - report 6 Major Health Risk Factors That Significantly Raise Stroke Risk House Purchase Affordability Significantly Improves Across India’s Top Cities
Shell has become the latest energy giant to report a jump in profits following the sharp increase in oil prices since the beginning of the Iran war. It reported profits of $6.92bn (£5.1bn) for the first three months of the year, which was higher than analysts had expected and up from $5
1 days ago
Polls have opened for midterm local and regional elections on Thursday (May 7, 2026) that could deliver a heavy blow to embattled British Prime Minister Keir Starmer. Mr. Starmer's center-left Labour Party is bracing for big losses in voting that will choose about 5
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.OnePlus Nord CE6 series brings big batteries and fast displays: Price, specs and rivalsOnePlus’ latest Nord phones are here, bringing what looks like a well-balanced
1 days ago
‘We have looked at it with amusement’: Ex-DGMO Ghai on Asim Munir's promotion after Op SindoorThe Pakistan government had promoted General Asim Munir to the rank of field marshal days after Operation Sindoor for his role in the military operations. Published on: May 07
1 days ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Just a few hours to go! Prime members to get up to 70% off on Elica and Glen filterless chimneys starting midnightPlanning a kitchen upgrade? Amazon sale brings chimney deals with up to
1 days ago
Business women's secrets to navigating motherhood and work for this Mother's DayVanshika Kanji, cofounder of medical apparel brand Knya, speaks with HT openly about navigating motherhood, and why balance is not always the goal. Updated on: May 07
1 days ago
The IPL finals venue has moved from Bengaluru to Ahmedabad. Karnataka Home Minister G Parameshwara stated commercial viability is the likely reason. He clarified that distributing tickets to MLAs is not the cause for the shift. No security or arrangement complaints were reported in Bengaluru
1 days ago
Emirates CEO hits back at critics as employees get 20-week salary bonusThe Emirates Group has announced a 20-week salary bonus for employees after posting record profits. Updated on: May 07, 2026 4:11 PM IST By Sanya Jain Share via Copy link The Emirates Group has announced a 20-week salary bonus
1 days ago
New Delhi, May 7 (PTI) Fintech major One97 Communications, which operates the Paytm brand, is currently not excited about a non-banking financial company (NBFC) licence, its Group CFO said on Thursday. During the company’s Q4 earnings call on Thursday
1 days ago
KEI Industries informed exchanges that the Income Tax (I-T) Department has initiated a search operation at its registered office, plants, and other related locations on Thursday, 7 May. The company further stated that it is fully cooperating with the authorities and is providing all necessary
1 days ago
As OpenAI’s board moved to remove Sam Altman in November 2023, the company’s top executives were exchanging frantic messages about leadership at OpenAI, Microsoft, and its CEO, Satya Nadella, among others.Newly released chats between Altman and Mira Murati that were disclosed in the matter of
1 days ago
Rashmeet Kaur on objectification of women in music: Only shallow people relateSinger Rashmeet Kaur opens up about the responsibility of an artist during concerts, and objectification of women in music lately Updated on: May 07, 2026 4:17 PM IST By Mahima Pandey Share via Copy link Singer Rashmeet
1 days ago
Recent assembly elections unveiled a staggering Rs 1,445 crore in inducements seized by election officials, reflecting a notable increase of 40.14% from the last polls in 2021. Tamil Nadu topped the list for cash confiscations, while West Bengal garnered attention for the largest hauls of liquor
1 days ago
Warning for Aboriginal and Torres Strait Islander readers: this article contains references to and images of someone who has died. Emotions ran high as Australians across the country gathered to remember a five-year-old girl who was allegedly murdered in the Australian Outback
1 days ago
This spring, if it feels like you are fighting for every breath, you are not imagining it. The year 2026 has brought one of the worst pollen seasons in recent history, affecting people across the globe. The air is carrying more than just the fragrance of blooming flowers
1 days ago
New Delhi, May 7 (PTI) Private sector lender Karur Vysya Bank on Thursday reported a 41 per cent year-on-year surge in net profit to Rs 725 crore for the three months ended March 2026. The bank had posted a net profit of Rs 513.36 crore in the same quarter of the preceding fiscal.New Delhi
1 days ago
Opposition salutes forces, seeks answers on Operation Sindoor anniversaryOperation Sindoor was launched in May 2025 after Pakistan-based terrorists killed 26 civilians in Jammu and Kashmir’s Pahalgam on April 22 last year. Published on: May 07
1 days ago
Punjab CM defends sacrilege law amid Akal Takht pushbackDuring the Shukrana Yatra at the Golden Temple, the chief minister dismissed claims of inadequate consultation and targeted SGPC. Published on: May 07, 2026 4:46 PM IST By Surjit Singh Share via Copy link Punjab chief minister Bhagwant Mann
1 days ago
A job listing shared online has left many people frustrated after users noticed that a role marked as “remote" was actually not remote at all. The screenshot showed a company advertising a “Senior Copywriter" position with “Remote" written beside the location
1 days ago
Iran caused far greater damage to US bases in Middle East than acknowledged: ReportThe threat of continued air attacks forced the US military to reduce staffing at several regional bases considered vulnerable to Iranian strikes. Updated on: May 07
1 days ago
WB Madhyamik Result 2026 Date, Time: WBBSE 10th results releasing tomorrow at 9.30 amWB Madhyamik Result 2026 Date, Time has been announced. The WBBSE 10th results will be announced on May 8, 2026 at 9.30 am. Published on: May 07, 2026 2:19 PM IST By HT Education Desk | Edited by Papri Chanda Share
1 days ago
Viduthalai Chiruthaigal Katchi leader Thol Thirumavalavan on Thursday said that Tamilaga Vettri Kazhagam chief Vijiy had called him and sought his support to form the government in Tamil Nadu, The Hindu reported. Thirumavalavan added that the actor-politician had also sent a formal letter
1 days ago
‘What you see in Dubai isn’t always real’: Indian woman shares reality behind the glamAn Indian woman in Dubai shared the harsh reality behind the city’s glamorous image in a viral video. Published on: May 07, 2026 4:11 PM IST By Mahipal Singh Chouhan Share via Copy link An Indian woman
1 days ago
Tamil Nadu's political landscape is in flux as the Tamilaga Vettri Kazhagam (TVK) emerges as the single-largest party but falls short of a majority. Established parties are navigating complex negotiations, recognizing a deep anti-establishment sentiment fueled by actor Joseph Vijay's rise
1 days ago
The Union Cabinet's Emergency Credit Line Guarantee Scheme 5.0 which provides additional working capital for micro, small and medium enterprises and some non-MSME sector, including airlines, is likely to benefit some 1.1 crore accounts, PTI reported citing a State Bank of India report
1 days ago
England are set to appoint former Australia international Marcus North as their new national selector. As first reported in the Telegraph, the 46-year-old has been chosen after final interviews this week. The move is not finalised, but North would become the first foreigner in charge of selecting
1 days ago
Imprisoned Nobel Prize laureate Narges Mohammadi was being examined by Iranian government-appointed medical experts on Wednesday (May 6, 2026) for the second time since she was hospitalised last week, a move her brother said he hopes would lead to her transfer to a hospital in Tehran
1 days ago
