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, showcasing India’s resilience and potential for sustained economic expansion.
The latest GDP figures have been welcomed by leaders across the political spectrum, who believe that this achievement is a testament to the country’s strong fundamentals and the government’s effective policies. The 8.2 per cent growth rate in the second quarter is a significant improvement over the previous quarter’s growth rate of 7.8 per cent, and it has exceeded the expectations of many economists.
The impressive growth rate can be attributed to a combination of factors, including a pickup in industrial activity, a robust services sector, and a surge in consumer spending. The government’s efforts to boost infrastructure development, improve the ease of doing business, and promote foreign investment have also contributed to the growth momentum.
According to political leaders, the 8.2 per cent growth rate is not just a national achievement but also a global milestone. It demonstrates India’s emergence as a major economic power and its ability to drive growth in the face of global uncertainty. The leaders believe that this achievement will have a positive impact on the country’s global reputation and will attract more foreign investment, creating new opportunities for economic growth and job creation.
The opposition leaders, while acknowledging the achievement, have also cautioned that the growth rate is not uniform across all sectors and that there are still challenges to be addressed. They have emphasized the need for more inclusive growth, with a focus on agriculture, rural development, and social welfare.
The government, on the other hand, has welcomed the growth rate as a vindication of its policies and has promised to build on the momentum. The finance minister has stated that the government will continue to take steps to promote economic growth, including investments in infrastructure, simplification of tax laws, and promotion of foreign investment.
The 8.2 per cent growth rate has also been welcomed by industry leaders, who believe that it reflects the country’s potential for growth and innovation. They have praised the government’s efforts to improve the business environment and have called for more reforms to promote competitiveness and investment.
The growth rate has also been seen as a positive sign for the country’s fiscal health, with the government’s revenues expected to increase as a result of the higher growth rate. This will provide the government with more resources to invest in social welfare programs and infrastructure development, which will have a positive impact on the overall economy.
In conclusion, the 8.2 per cent growth rate in the second quarter is a significant achievement for India, and it reflects the country’s emergence as a major economic power. The growth rate is a testament to the country’s strong fundamentals, the government’s effective policies, and the resilience of the Indian economy. As the country continues to grow and develop, it is likely to play an increasingly important role in the global economy, and its growth rate will be closely watched by investors, policymakers, and economists around the world.
The reaction of political leaders to the growth rate is a reflection of the country’s optimism and confidence in its economic future. The leaders believe that the growth rate is not just a national achievement but also a global milestone, and it demonstrates India’s potential to drive growth and innovation in the face of global uncertainty.
As the country looks to the future, it is likely to face many challenges, including the need to promote more inclusive growth, to address the challenges of climate change, and to invest in human capital. However, with its strong fundamentals, its resilient economy, and its commitment to reform and innovation, India is well-positioned to address these challenges and to achieve its goal of becoming a major economic power.
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