India clocks 8.2% GDP growth in Q2, fastest in six quarters
India clocks 8.2% GDP growth in Q2, fastest in six quarters
India's economy expands 8.2% in Q2, led by manufacturing rebound, robust services and public investment, signaling continued momentum under reform drive.
India posted 8.2% GDP growth in the July-September quarter, the fastest pace in six quarters, reinforcing the view that policy reforms and a pro-growth agenda are paying off. Growth was broad-based, helped by a rebound in manufacturing, a resilient services sector, and solid domestic demand that rode into the festival season. Public investment provided a steady backbone, while private investment and consumption also contributed to the expansion. Finance ministers and policymakers have repeatedly pointed to the momentum, with officials stressing that reforms are creating a favorable environment for growth going forward. Analysts say the pace could extend into the rest of the year, with full-year growth potentially surpassing 7% as reforms continue to support investment and demand. On the trade front, merchandise exports rose about 0.63% to $254.25 billion between April and October, while imports grew 6.37% to $451.08 billion, signaling continued demand and the balancing act the economy faces as it integrates with global markets. With these numbers, India reinforces its status as the world's fastest-growing major economy, prompting policymakers to maintain a steady course on reforms and public investment to sustain momentum into the next quarters.
Cover image source: India’s GDP grows at 6-quarter high of 8.2% 🔗
