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 of 8.2 per cent in the second quarter is a testament to the country’s resilience and ability to bounce back from the challenges posed by the pandemic. The growth is also a reflection of the government’s efforts to boost economic activity, invest in infrastructure, and promote business-friendly policies.
According to the official data, the GDP growth in the second quarter was driven by a strong performance in the manufacturing sector, which grew at a rate of 12.1 per cent. The construction sector also saw a significant growth of 9.5 per cent, while the agriculture sector grew at a rate of 4.6 per cent.
The services sector, which accounts for a significant share of India’s GDP, also saw a robust growth of 7.5 per cent. The growth in the services sector was driven by a strong performance in the IT and financial services sectors.
The 8.2 per cent growth in the second quarter is a significant improvement over the 6.4 per cent growth recorded in the first quarter. It is also higher than the 7.4 per cent growth recorded in the corresponding quarter of the previous fiscal year.
The impressive growth rate has been hailed by political leaders as a milestone in India’s economic journey. They said that the growth rate reflects the country’s potential to become a leading economic power in the world.
The leaders also credited the government’s policies and reforms for the impressive growth rate. They said that the government’s efforts to simplify tax laws, promote ease of doing business, and invest in infrastructure have created a favorable business environment in the country.
The growth rate has also been welcomed by industry leaders, who said that it reflects the country’s potential to become a major economic power. They said that the growth rate is a testament to the country’s resilience and ability to adapt to changing global economic conditions.
However, some experts have cautioned that the growth rate may not be sustainable in the long term. They said that the growth rate is driven by a few sectors, such as manufacturing and construction, and that the country needs to diversify its economy to achieve sustainable growth.
Despite the caution, the 8.2 per cent growth rate in the second quarter is a significant achievement for India. It reflects the country’s potential to become a leading economic power in the world and positions India as a major player in the global economy.
The growth rate is also expected to have a positive impact on the country’s fiscal deficit. The government has set a fiscal deficit target of 6.4 per cent of GDP for the current fiscal year, and the impressive growth rate is expected to help the government achieve this target.
In conclusion, the 8.2 per cent growth rate in the second quarter is a significant milestone in India’s economic journey. It reflects the country’s potential to become a leading economic power in the world and positions India as a major player in the global economy. The growth rate is a testament to the government’s efforts to boost economic activity, invest in infrastructure, and promote business-friendly policies.
As India continues to grow and develop, it is expected to play an increasingly important role in the global economy. The country’s large and growing market, its highly skilled workforce, and its favorable business environment make it an attractive destination for investors and businesses.
The 8.2 per cent growth rate in the second quarter is a significant achievement, and it is expected to have a positive impact on the country’s economy and people. As India continues to grow and develop, it is expected to become an increasingly important player in the global economy.
The government’s efforts to promote economic growth, invest in infrastructure, and simplify tax laws have created a favorable business environment in the country. The growth rate is a testament to the country’s resilience and ability to adapt to changing global economic conditions.
In the coming years, India is expected to continue to grow and develop, driven by its large and growing market, its highly skilled workforce, and its favorable business environment. The country’s potential to become a leading economic power in the world is significant, and it is expected to play an increasingly important role in the global economy.
As the country continues to grow and develop, it is expected to face several challenges, including the need to diversify its economy, promote sustainable growth, and address issues related to poverty and inequality. However, with its strong growth rate, favorable business environment, and highly skilled workforce, India is well-positioned to address these challenges and achieve its potential as a leading economic power in the world.
About the Author
