Leaders hail India’s 8.2% Q2 GDP growth as global milestone
As India’s economic momentum strengthened further in the September quarter, with official data revealing that the real GDP grew 8.2 per cent in Q2 of FY 2025-26, political leaders on Saturday said the milestone reflects a remarkable achievement. They added that this positions India as a leading performer in the global economy.
The latest GDP growth rate is a testament to the country’s resilience and ability to navigate through global economic uncertainties. The 8.2 per cent growth in the second quarter is a significant improvement from the 7.8 per cent growth recorded in the previous quarter. This growth rate is also higher than the expectations of many economists, who had predicted a growth rate of around 7.5-8 per cent.
The impressive growth rate is attributed to the strong performance of various sectors, including manufacturing, construction, and services. The manufacturing sector, which has been a key driver of growth, expanded by 10.3 per cent in the second quarter, while the construction sector grew by 9.5 per cent. The services sector, which accounts for a significant share of India’s GDP, also performed well, with a growth rate of 8.5 per cent.
The strong growth in the second quarter is a reflection of the government’s efforts to boost economic growth through various policy initiatives. The government has implemented several reforms, including the introduction of the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), and the Make in India initiative, to improve the business environment and attract investments.
The high growth rate has also been driven by the increased consumption and investment in the country. The private consumption expenditure grew by 9.5 per cent in the second quarter, while the gross fixed capital formation (GFCF) expanded by 12.2 per cent. The increase in consumption and investment is a sign of the growing confidence of consumers and businesses in the Indian economy.
The impressive GDP growth rate has been hailed by political leaders, who believe that it reflects the country’s potential to become a leading economic power. The leaders have attributed the growth to the government’s policies and the hard work of the people of India. They have also expressed confidence that the country will continue to grow at a rapid pace in the coming quarters.
The 8.2 per cent growth rate is not only a milestone for India but also a significant achievement in the global context. The country’s growth rate is higher than that of many other major economies, including the United States, China, and the European Union. This positions India as a leading performer in the global economy and highlights its potential to become a major economic power.
The high growth rate has also been welcomed by the business community, which believes that it will create new opportunities for investment and job creation. The leaders of the industry have praised the government’s efforts to improve the business environment and have expressed confidence that the country will continue to attract investments from around the world.
However, despite the impressive growth rate, there are still several challenges that the Indian economy needs to address. The country needs to improve its infrastructure, reduce its dependence on imports, and increase its exports. The government also needs to take steps to reduce the fiscal deficit and improve the overall fiscal health of the economy.
In conclusion, the 8.2 per cent GDP growth rate in the second quarter is a significant achievement for India and reflects the country’s potential to become a leading economic power. The growth rate is a testament to the government’s efforts to boost economic growth and the hard work of the people of India. The country needs to continue to work on addressing the challenges facing the economy and ensure that the growth is sustainable and inclusive.
The government’s policies and initiatives have played a crucial role in driving the growth, and it is essential to continue these efforts to maintain the momentum. The private sector also needs to play a significant role in driving the growth, and the government needs to create an environment that is conducive to investment and entrepreneurship.
As India continues to grow at a rapid pace, it is essential to ensure that the growth is inclusive and benefits all sections of society. The government needs to take steps to reduce poverty, improve education and healthcare, and create jobs for the growing population. The country also needs to address the environmental challenges and ensure that the growth is sustainable.
In the coming quarters, the Indian economy is expected to continue its growth momentum, driven by the strong performance of various sectors and the government’s efforts to boost economic growth. The country is expected to attract more investments, create new jobs, and improve the overall standard of living of its citizens.
The 8.2 per cent GDP growth rate is a significant milestone for India, and it is essential to build on this momentum to achieve the country’s economic goals. The government, the private sector, and the people of India need to work together to ensure that the growth is sustainable, inclusive, and benefits all sections of society.
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