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India's Economy Surges: 8.2% Growth in Q2
28 Nov
Summary
- India's economy grew by 8.2% in the July-September quarter.
- Manufacturing and services sectors significantly boosted growth.
- First-half expansion reached a strong 8% for FY 2025-26.
India's economy demonstrated robust momentum in the July-September quarter of FY 2025-26, recording an impressive 8.2 percent growth. This acceleration was significantly driven by strong performances in the secondary sector, particularly manufacturing, and the tertiary sector, encompassing services. The expansion indicates a healthy recovery and growth trajectory for the nation's economic output.
The manufacturing sector saw a substantial increase of 9.1 percent, while financial, real estate, and professional services grew by 10.2 percent. This sectoral strength contributed to an 8.1 percent rise in Gross Value Added (GVA). Private Final Consumption Expenditure also saw a healthy uptick, suggesting improved household spending.
Overall, for the first half of FY 2025-26 (April-September), India's real GDP expanded by 8.0 percent. The National Statistics Office utilized a wide array of high-frequency indicators to compile these estimates. Notably, the Ministry of Statistics and Programme Implementation is in the process of revising the base year for national accounts to 2022-23.
