How Does the Robust 8.2% Q2 GDP Growth Reflect Our Pro-Growth Policies? - PM Modi
Synopsis
Key Takeaways
- 8.2% GDP growth in Q2 FY26 indicates strong economic performance.
- The government's pro-growth policies are yielding positive results.
- Significant growth in the tertiary sector has propelled overall growth.
- India remains resilient against global economic challenges.
- Efforts to enhance Ease of Living will continue.
New Delhi, Nov 28 (NationPress) Prime Minister Narendra Modi expressed optimism on Friday regarding the 8.2% GDP growth recorded for Q2 of 2025-26, emphasizing that the government's commitment to reforms and enhancing the quality of life for all citizens will persist. The acceleration in GDP growth is attributed to the impressive performance of both the secondary and tertiary sectors, which reported growth rates of 8.1% and 9.2%, respectively, subsequently elevating the overall real GDP growth rate for Q2 of FY 2025-26 above the 8% mark.
"This outcome is a testament to the effectiveness of our pro-growth policies and reforms. It also highlights the dedication and entrepreneurial spirit of our populace. Our administration is dedicated to furthering reforms and improving the Ease of Living for every citizen," stated Prime Minister Modi.
The real GDP growth surged by 8.2% in Q2 FY26, a significant rise from the 5.6% growth recorded in Q2 FY25, primarily driven by robust growth in the tertiary sector.
Official data indicates that the manufacturing sector achieved a strong growth rate of 9.1%, while the construction sector expanded by 7.2% in the secondary sector during the quarter. Additionally, the growth rate in the financial, real estate, and professional services sectors within the tertiary sector experienced a remarkable double-digit increase of 10.2% in Q2 of FY 2025-26.
This growth trajectory has solidified India's status as the world's fastest-growing large economy, with the GDP growth rate soaring to 8.2% for the July-September quarter, amidst global economic uncertainty and slowing growth. In the face of this worldwide deceleration, India emerges as a steadfast outlier, buoyed by domestic demand, investment, and stable policies.
With the GDP growth rate at 8.2%, inflation remaining at historic lows, and strong external buffers in place, the Indian economy has effectively distanced itself from the global slowdown. Fiscal and monetary policies, particularly the GST rationalization, have set the stage for a positive cycle of investment and consumption, positioning India as a rare beacon of hope in the global economic landscape.