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 impressive growth rate has sent a strong signal to the world that India is on the path to becoming a major economic powerhouse.
The 8.2 per cent growth in the second quarter is a significant improvement from the 7.8 per cent growth recorded in the first quarter of the current fiscal year. This uptick in growth is attributed to a combination of factors, including a strong pickup in industrial activity, a healthy monsoon season, and a robust performance by the services sector. The growth is also a testament to the government’s efforts to stimulate economic activity through various policy measures and reforms.
Reacting to the GDP growth numbers, political leaders across party lines hailed the achievement as a major milestone for the country. They congratulated the government for its efforts to drive economic growth and create a favorable business environment. The leaders also expressed confidence that the growth momentum will continue in the coming quarters, driven by the government’s focus on infrastructure development, ease of doing business, and social welfare programs.
The impressive growth rate has also been welcomed by industry leaders, who see it as a reflection of the country’s potential to become a major economic hub. They believe that the growth is sustainable and will continue to attract foreign investment, create jobs, and drive economic activity. The leaders also appreciated the government’s efforts to address the challenges faced by the economy, including the impact of the global pandemic and the ongoing geopolitical tensions.
The 8.2 per cent growth in Q2 is also significant because it comes at a time when the global economy is facing significant headwinds. The growth rate is higher than that of many other major economies, including the United States, China, and the European Union. This has positioned India as a leading performer in the global economy, with many experts predicting that the country will continue to outperform its peers in the coming years.
The robust growth rate has also been driven by a strong pickup in private consumption, which has been a key driver of economic activity in the country. The growth in private consumption has been driven by a combination of factors, including a healthy increase in disposable incomes, a strong labor market, and a favorable demographic profile. The growth in private consumption has also been supported by a robust performance by the financial sector, which has seen a significant increase in lending activity and a decline in non-performing assets.
The government has also been proactive in addressing the challenges faced by the economy, including the impact of the global pandemic and the ongoing geopolitical tensions. The government has taken several measures to stimulate economic activity, including a significant increase in public expenditure, a reduction in corporate tax rates, and a series of reforms to improve the ease of doing business. The government has also been working to improve the country’s infrastructure, including the development of new roads, railways, and airports.
In addition to the strong growth rate, the data also shows that the economy is becoming more diversified, with a significant increase in the share of the services sector. The services sector, which includes industries such as IT, finance, and tourism, has been a major driver of economic growth in the country. The sector has seen a significant increase in exports, driven by a strong demand for Indian services from around the world.
The growth in the services sector has also been driven by a strong pickup in digital payments, which has seen a significant increase in recent years. The growth in digital payments has been driven by a combination of factors, including a strong increase in smartphone penetration, a favorable regulatory environment, and a series of initiatives by the government to promote digital payments.
In conclusion, the 8.2 per cent growth in Q2 is a significant milestone for the Indian economy, reflecting a remarkable achievement by the government and the people of the country. The growth rate is a testament to the country’s potential to become a major economic powerhouse, driven by a combination of factors, including a strong pickup in industrial activity, a healthy monsoon season, and a robust performance by the services sector. As the country continues to drive economic growth and create a favorable business environment, it is likely that the growth momentum will continue in the coming quarters, positioning India as a leading performer in the global economy.
About the Author
