New Delhi: India has registered a phenomenal growth of 8.2 per cent in real GDP in the July-September quarter of the 2025-26 financial year. What makes this so special is that the growth in the corresponding period in 2024-25 was 5.6 per cent.
The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), released the Quarterly Estimates of Gross Domestic Product (GDP) for the July-September quarter on Friday.
The country’s nominal GDP grew at an 8.7 per cent rate during the quarter, data has shown.
India’s real GDP grew by 7.8 per cent in the first quarter of FY26 (April-June) over the growth rate of 6.5 per cent in the corresponding period in FY25. India’s nominal GDP grew at an 8.8 per cent rate during the said quarter.
The Secondary (8.1%) and tertiary Sectors (9.2%) boosted the real GDP growth rate in Q2 of FY 2025-26 to beyond 8.0%. Manufacturing (9.1%) and construction (7.2%) in the secondary Sector, grew by more than 7.0% at constant prices in this quarter.
Financial, real estate & professional services (10.2%) in the tertiary sector sustained a substantial growth rate at constant prices in Q2 of FY 2025-26.
Agriculture and Allied (3.5%) and Electricity, Gas, Water Supply and Other Utility Services Sector (4.4%) has witnessed moderated real growth rate during Q2 of FY 2025-26.
Real Private Final Consumption Expenditure (PFCE) has reported 7.9% growth rate during Q2 of FY 2025-26 as compared to the 6.4% growth rate in the corresponding period of previous financial year.
Real GDP has registered 8.0% growth rate in H1 (April-September) of FY 2025-26, as compared to the growth rate of 6.1% in H1 of FY 2024-25.
In 2024-25, the Indian economy grew by 6.5 per cent in real terms. The Reserve Bank of India had projected 6.5 per cent GDP growth for the fiscal year 2024-25.
In 2023-24, India’s GDP grew by an impressive 9.2 per cent, continuing to be the fastest-growing major economy.
According to official data, the economy grew 8.7 per cent and 7.2 percent, respectively, in 2021-22 and 2022-23.
Earlier this year, the World Bank said India will need to grow by 7.8 per cent on average over the next 22 years to achieve its aspirations of becoming a developed country by 2047. Getting there would require reforms and their implementation will have to be as ambitious as the target itself, the World Bank had noted.
To realise the vision of ‘Viksit Bharat’ – a developed nation dream by 2047 – India will need to achieve a growth rate of around 8 per cent at constant prices, on average, for about a decade or two, the Economic Survey document for 2024-25 tabled on January 31 this year asserted.
