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 is a testament to the country’s resilience and ability to navigate through challenging global economic conditions. The 8.2 per cent growth in the second quarter is a significant increase from the 7.8 per cent growth recorded in the first quarter of the fiscal year. This upward trend is expected to continue, with many economists predicting that India will maintain its position as one of the fastest-growing major economies in the world.
The government’s efforts to boost economic growth, including initiatives such as the “Make in India” program, have been instrumental in driving investment and job creation. The program, launched in 2014, aims to promote India as a manufacturing hub and attract foreign investment. The initiative has been successful in attracting investments from major companies, including those from the automotive, electronics, and pharmaceutical sectors.
The growth in the second quarter was driven by a strong performance in the manufacturing sector, which grew by 12.1 per cent. The construction sector also saw significant growth, with an increase of 9.5 per cent. The services sector, which accounts for a significant portion of India’s GDP, grew by 7.5 per cent.
The impressive growth rate has been welcomed by political leaders, who see it as a validation of the government’s economic policies. “The 8.2 per cent growth in the second quarter is a remarkable achievement and a testament to the government’s efforts to boost economic growth,” said a spokesperson for the ruling party. “We are committed to continuing our efforts to promote economic growth and create jobs for the people of India.”
The opposition parties have also welcomed the growth rate, but have cautioned that there is still much work to be done to ensure that the benefits of growth are shared by all. “While the 8.2 per cent growth rate is certainly impressive, we must not forget that there are still many challenges that need to be addressed,” said a spokesperson for the opposition party. “We need to ensure that the benefits of growth are shared by all, and that the most vulnerable sections of society are protected.”
The growth rate has also been welcomed by industry leaders, who see it as a sign of the country’s potential for growth. “The 8.2 per cent growth rate is a significant achievement and a testament to the country’s potential for growth,” said the president of a leading industry association. “We are confident that India will continue to be one of the fastest-growing major economies in the world, and we look forward to working with the government to promote economic growth and job creation.”
The impressive growth rate has also been noted by international organizations, including the International Monetary Fund (IMF). The IMF has praised India’s economic performance, saying that the country has been one of the few bright spots in a challenging global economic environment. “India has been one of the few economies that has been able to navigate the challenges of the global economy and maintain a high growth rate,” said an IMF spokesperson. “We expect India to continue to be one of the fastest-growing major economies in the world, and we look forward to working with the government to promote economic growth and stability.”
In conclusion, the 8.2 per cent growth in the second quarter is a significant achievement and a testament to India’s potential for growth. The government’s efforts to boost economic growth, including initiatives such as the “Make in India” program, have been instrumental in driving investment and job creation. The growth rate has been welcomed by political leaders, industry leaders, and international organizations, who see it as a sign of the country’s potential for growth. As India continues to navigate the challenges of the global economy, it is clear that the country will remain one of the fastest-growing major economies in the world.
The growth rate is also expected to have a positive impact on the country’s fiscal deficit, which is expected to narrow to 6.4 per cent of GDP in the current fiscal year. The government has set a target of reducing the fiscal deficit to 3 per cent of GDP by 2027, and the impressive growth rate is expected to help achieve this target.
The impressive growth rate has also been driven by a significant increase in investments, including foreign direct investment (FDI). FDI inflows into India have increased significantly in the past few years, with the country attracting over $70 billion in FDI in the last fiscal year. The government has implemented a number of policies to attract FDI, including the introduction of a new FDI policy and the establishment of a number of special economic zones.
In addition to the growth rate, the government has also been focusing on improving the country’s infrastructure, including the development of new roads, ports, and airports. The government has implemented a number of initiatives to improve the country’s infrastructure, including the introduction of a new national infrastructure policy and the establishment of a number of infrastructure development funds.
The growth rate has also been driven by a significant increase in consumer spending, which has been driven by a number of factors, including a growing middle class and an increase in disposable income. The government has implemented a number of policies to boost consumer spending, including the introduction of a new goods and services tax (GST) and the reduction of taxes on a number of consumer goods.
In conclusion, the 8.2 per cent growth in the second quarter is a significant achievement and a testament to India’s potential for growth. The government’s efforts to boost economic growth, including initiatives such as the “Make in India” program, have been instrumental in driving investment and job creation. The growth rate has been welcomed by political leaders, industry leaders, and international organizations, who see it as a sign of the country’s potential for growth. As India continues to navigate the challenges of the global economy, it is clear that the country will remain one of the fastest-growing major economies in the world.
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