New Delhi, Aug. 29 -- India's GDP for the first quarter of financial year 2026 is expected to clock a growth rate of 7 per cent, up from 6.5 per cent in the first quarter of Financial year 2025 (Q1 FY25), according to a report by Union Bank of India (UBI).

The report added that Gross Value Added (GVA) growth for the quarter is estimated at 6.7 per cent, a marginal increase from 6.5 per cent in the same quarter last year, but slightly below the 6.8 per cent registered in Q4 FY25. The GVA is economic indicator that measures the value of goods and services produced within an economy or the industry.

UBI's Q1 FY25 projections are slightly lower than the 7.4 per cent recorded in the previous quarter.

According to the report, the key highlig...