India’s economic engine is firing on all cylinders! Defying predictions, India’s real GDP grows at a robust 8.2% in Q2 FY26, reaching a six-quarter high. This impressive figure cements India’s position as the fastest-growing major economy worldwide, surpassing expectations and signaling strong economic momentum.
Impressive GDP Growth: A Closer Look
The surge in India’s real GDP growth is attributed to exceptional performances in the secondary and tertiary sectors. Manufacturing and construction exhibited substantial gains, highlighting the nation’s industrial prowess. This growth underscores the resilience and potential of the Indian economy.
Sector-Specific Growth Drivers
Specifically, the manufacturing and construction sectors showed notable progress, with growth rates of 9.1% and 7.2%, respectively. The tertiary sector, particularly financial, real estate, and professional services, also experienced substantial growth, recording a 10.2% increase. While agriculture and allied activities saw more modest growth, the overall economic picture remains exceptionally positive.
Private Consumption and Future Outlook
Real Private Final Consumption Expenditure also demonstrated improved performance. The first half of FY 2025-26 witnessed a significant improvement in Real GDP growth compared to the previous year. These figures highlight not only current economic strength but also promising prospects for continued growth in the coming periods.
Disclaimer
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Image Credit: TOI
