Economy · September 2026

India reported a 7.8% GDP growth for the April-June quarter of 2026, according to official data released on September 1, with Prime Minister Narendra Modi attributing the expansion to domestic resilience amid global instability. The growth figure, which matched preliminary estimates, was driven by strong manufacturing and services activity, though economists noted headwinds from global trade tensions. The government also highlighted ongoing efforts to boost agricultural resilience, including a shift toward natural farming and ammonia-based fertilizers, as disruptions in the urea market linked to the Iran conflict have raised supply concerns. Tata Group announced plans to develop an air taxi service in India, targeting its first test flight within two years. Bank unions in India called for a strike on September 11 over unresolved issues, potentially disrupting banking services. Russia's Sberbank acquired two Summit Towers business centers in New Delhi, expanding its commercial real estate footprint in India. Edtech firm Unacademy was sold to rival upGrad for $206 million, a valuation roughly 94% below its peak, reflecting sector-wide struggles.