India’s economy is showing strong signs of growth. Recent reports indicate that the real GDP increased by 8.2% during the July-September quarter of the fiscal year 2025-26. This is a significant jump from the 5.6% growth in the same period last year.
The National Statistics Office shared the latest figures, showing a nominal GDP growth of 8.7% for the same quarter. The previous quarter, from April to June, also experienced growth. Real GDP grew by 7.8%, up from 6.5% during the same time last year. This momentum is boosted by strong performances in various sectors. The Secondary sector, including manufacturing and construction, grew by over 7.0%. Meanwhile, the Tertiary sector, comprising services such as finance and real estate, expanded by 10.2%.
However, some areas are not growing as fast. Agriculture and utility services recorded modest gains of 3.5% and 4.4%, respectively. Private consumption also rose, with a 7.9% increase, compared to 6.4% last year.
Overall, the first half of FY 2025-26 saw an impressive 8.0% growth compared to 6.1% in H1 of FY 2024-25. The Reserve Bank of India had projected a 6.5% growth for the previous fiscal year.
India’s economic journey is remarkable. Just a decade ago, it ranked 11th in the world economy but has risen to the fourth position today. This success contrasts sharply with 2013, when India was classified as part of the “Fragile Five” – a term for emerging economies facing significant challenges. Today, India shines as one of the fastest-growing major economies.
Looking ahead, the World Bank emphasizes the need for sustained growth to achieve the goal of becoming a developed country by 2047. The economy must average around 8% growth for about a decade to reach this ambition, underscoring the importance of ongoing reforms.
This transformation is not just number-driven; it’s about improving the lives of millions. If India can maintain this upward trajectory, the dream of ‘Viksit Bharat’ might just become a reality.
Source link
india q2 gdp, india gdp, india economy, fastest growing major economy, India GDP Q2 2025-26, 8.2 percent growth, real GDP surge,NSO data FY26, manufacturing construction boom, Viksit Bharat economy
