New Delhi, Aug. 29 -- India's economy expanded by 7.8 per cent in the first quarter of FY26, its fastest pace in five quarters and well above consensus expectations, according to the latest SBI Ecowrap.

This compares with 6.5 percent growth in Q1 FY25. Gross Value Added (GVA) rose 7.6 percent, while nominal GDP growth stood at 8.8 percent.

Together, these two sectors contributed nearly 85 percent of incremental GVA.

Agriculture grew 3.7 percent, while industry overall expanded 6.3 percent. Mining contracted 3.1 percent and electricity registered negligible growth of 0.5 percent. Construction, however, rose a healthy 7.6 percent.

On the expenditure side, private consumption increased 7 percent, government consumption rose 7.4 percent, ...