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Real private final consumption expenditure (pfce) grew 7 per cent in q1 fy26, lower than the 8.3 per cent recorded a year earlier. Government final consumption expenditure (gfce) grew 9.7 per cent in nominal terms during the same period, compared to 4 per cent in q1 fy25.

Q1 fy26 gdp surges to 7.8%; India’s gdp rose 7.8% in q1 fy26, led by services and public spending, though us tariffs may weigh on growth later. On the demand side, government final consumption expenditure (gfce) saw a sharp rebound, growing by 9.7% in nominal terms, up from 4.0% in q1 fy25.