How is GDP Growth Fueled by Fiscal Consolidation, Investment, and Reforms?
Synopsis
Key Takeaways
New Delhi, Nov 28 (NationPress) Union Ministers expressed their appreciation on Friday regarding the data from the Ministry of Statistics, which indicated a remarkable 8.2 percent growth rate in the gross domestic product (GDP) for the second quarter of the ongoing financial year. This figure surpasses all prior estimates for the second consecutive quarter, despite ongoing concerns regarding US tariffs and challenging global geopolitical circumstances.
Union Finance Minister Nirmala Sitharaman stated that this data is indicative of the country’s strong economic performance.
“The GDP figures released today highlight the vigorous economic growth and momentum within the Indian economy. With a Real GDP growth rate of 8.2 percent for Q2 of FY 2025-26 (July-September), India stands as the fastest growing major economy in the world,” the Finance Minister shared on X.
The Minister also pointed out that during the first half of the current financial year, real GDP recorded an 8 percent growth rate from April to September.
“This growth has been powered by continuous fiscal consolidation, focused public investment, and a range of reforms that have enhanced productivity and facilitated improved business operations,” she elaborated.
Reiterating the commitment of the government led by Prime Minister Narendra Modi towards the nation's economic advancement, she underscored that various high-frequency indicators further indicate sustained economic momentum and widespread consumption growth.
“The Hon’ble PM Shri @narendramodi-led NDA government is dedicated to maintaining this growth momentum and implementing reforms that bolster long-term economic expansion,” Sitharaman emphasized.
Union Commerce and Industry Minister Piyush Goyal remarked that these impressive numbers are a direct result of consistent policy-making under the leadership of PM Modi.
“India's growth momentum is on the rise! The GDP growth rate for the second quarter of 2025-26 is estimated at 8.2 percent, significantly increasing from 5.6 percent during the same time last year,” Goyal noted on X.
The Minister observed that sectors such as manufacturing, construction, finance, real estate, and professional services are contributing to enhanced productivity and a thriving economic landscape.
“This remarkable performance stems from consistent and coherent policies under the guidance of PM @NarendraModi, which is driving long-term stability and growth,” he added.
External Affairs Minister S. Jaishankar viewed the Q2 GDP figures as further validation of India’s reform-driven growth, proclaiming that under PM Modi's leadership, the government is focused on fostering innovation.
“Bharat’s 8.2 percent GDP growth in Q2 of 2025-26 stands as a testament to growth-oriented reforms that invigorate our entrepreneurial spirit and national confidence,” he stated.
“Under PM @narendramodi’s guidance, we are committed to promoting innovation, investment, and inclusive development.”
Previously, the Prime Minister characterized the Q2 GDP growth figures as promising.
“The 8.2 percent GDP growth in Q2 of 2025-26 is indeed encouraging. It signifies the influence of our pro-growth policies and reforms. It also highlights the diligence and enterprise of our populace. Our government will persist in advancing reforms and enhancing the Ease of Living for every citizen,” PM Modi stated.