Two pieces of macroeconomic news have brought cheer to the economy and financial markets. India clocked a surprisingly strong GDP growth of 7.8 per cent for the first quarter of the current fiscal year. The other good news for the economy is the record collection of 136 billion dollars through the RBI’s FCNR (B) scheme. The 7.8 per cent GDP growth means we added Rs 5.89 lakh crore to our economy during April-June, 2026. And the $137 billion collection means we have an additional kitty of Rs 12 lakh crore.

Time to celebrate. Yes, ruling party circles, analysts, policymakers, and financial experts have been celebrating these two achievements on social media. There’s also a slugfest going on the sidelines, which is largely political. This article is not about claims and counterclaims; it’s all about what these two macro developments mean for the common citizens of our country.

Nothing! Yes, nothing for now, and not for another 6 months to a year. We have to wait for the trickle down, and God knows when and how much. Financial markets may cheer, but the bitter truth is to be seen in the real markets of vegetables, fruits, groceries, milk, and items of daily consumption besides fuel, transport cost, etc.

Here’s why: First, let’s take a look at the day-to-day rise in the cost of living. Sugar stands out. Why is sugar important? It’s the most important ingredient in the kitchens of millions of families and sweet shops during festive seasons.

The festive season is about to kick off........

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