India’s growth pulse: First quarter FY26 GDP, GST 2.0 and trade risks

In this EY India Insights podcast episode, D.K. Srivastava, Chief Policy Advisor at EY India, decodes India’s robust 7.8% GDP growth in Q1 FY26, exploring the structural drivers behind this momentum — from capital expenditure-led growth to fiscal management amid shifting revenue trends.

He delves into the implications of GST 2.0, which simplifies India’s tax structure by merging rate slabs, and analyzes its potential impact on demand, consumption, and sectoral performance. The discussion also examines India’s evolving trade landscape, highlighting the need for strategic diversification to mitigate global risks and realize the vision of achieving US$500 billion in bilateral trade with the US by 2030.

Tune in to understand India’s growth pulse — where fiscal strategy, GST reforms, and trade resilience converge to shape the next phase of economic expansion.