Kolkata, Aug. 30 -- Federation of Indian Chambers of Commerce and Industry (FICCI) president Harsha Vardhan Agarwal welcomed the gross domestic product (GDP) growth figures in the first quarter of FY26 as the Indian economy clocked a 7.8 per cent, beating estimates.

Speaking to ANI, Agarwal highlighted that income tax relief and repo-rate reduction by the Reserve Bank of India were among several other factors for the GDP growth.

"Reserve Bank of India's expectation was that the economy would grow by 6.5 per cent in the first quarter. So yes, from that perspective, it's really good. I think some of the reasons which is driving this growth are income tax relief, which was announced in the budget, apart from that, the repo-rate reduction b...