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 of 8.2 per cent is a significant increase from the 7.8 per cent growth recorded in the previous quarter. This growth is a testament to the government’s policies and reforms, which have been aimed at boosting economic growth and development. The high growth rate has also been driven by a strong performance in key sectors such as manufacturing, construction, and services.
The leaders hailed the growth as a global milestone, stating that it reflects the country’s emergence as a major economic power. They attributed the growth to a combination of factors, including the government’s policies, the country’s large and growing consumer market, and the increasing investments in infrastructure and human capital.
The 8.2 per cent growth rate is also a reflection of the country’s resilience in the face of global economic uncertainty. Despite the challenges posed by the COVID-19 pandemic and the ongoing geopolitical tensions, India has been able to maintain a high growth rate, making it one of the fastest-growing major economies in the world.
The leaders also pointed out that the growth is not just limited to a few sectors, but is broad-based, with all sectors of the economy showing significant growth. The manufacturing sector, which has been a key driver of growth, has shown a significant increase in production, with the Index of Industrial Production (IIP) growing at a rate of 10.5 per cent in the quarter.
The services sector, which accounts for a significant share of the country’s GDP, has also shown strong growth, with the sector growing at a rate of 9.5 per cent in the quarter. The construction sector, which has been a key driver of growth in recent years, has also shown significant growth, with the sector growing at a rate of 12.5 per cent in the quarter.
The leaders also pointed out that the growth is not just limited to the urban areas, but is also being driven by the rural economy. The rural economy, which has been a key focus area for the government, has shown significant growth, with the agricultural sector growing at a rate of 5.5 per cent in the quarter.
The high growth rate has also been driven by the government’s policies aimed at boosting investment and consumption. The government has implemented a number of policies, including the reduction of corporate tax rates, the introduction of the Goods and Services Tax (GST), and the increase in public investment in infrastructure.
The leaders also pointed out that the growth is sustainable and is expected to continue in the coming quarters. They attributed the sustainability of the growth to the government’s policies, which are aimed at boosting investment and consumption, and to the country’s large and growing consumer market.
In conclusion, the 8.2 per cent GDP growth rate in the September quarter is a significant achievement and reflects the country’s emergence as a major economic power. The growth is broad-based, with all sectors of the economy showing significant growth, and is driven by a combination of factors, including the government’s policies, the country’s large and growing consumer market, and the increasing investments in infrastructure and human capital.
The high growth rate is also a reflection of the country’s resilience in the face of global economic uncertainty. The leaders have hailed the growth as a global milestone, stating that it positions India as a leading performer in the global economy.
As the country continues to grow and develop, it is expected to play an increasingly important role in the global economy. The high growth rate is also expected to have a positive impact on the country’s poverty reduction efforts, with the growth expected to lift millions of people out of poverty.
In the coming quarters, the government is expected to continue to implement policies aimed at boosting investment and consumption, and to increase public investment in infrastructure. The country is also expected to continue to attract foreign investment, with the high growth rate and the country’s large and growing consumer market making it an attractive destination for investors.
Overall, the 8.2 per cent GDP growth rate in the September quarter is a significant achievement and reflects the country’s emergence as a major economic power. The growth is sustainable and is expected to continue in the coming quarters, making India one of the fastest-growing major economies in the world.
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