Prime Minister Narendra Modi on Friday said the better-than-expected GDP growth figure for the second quarter serves as encouragement for the government to push for more reforms, and reflects the hard work of the people.
Government data showed the Indian economy grew at 8.2 per cent in the July-September period of 2025-26, despite high US tariffs and global trade uncertainties.
Increased manufacturing and double-digit growth in the services sector, besides higher consumer spending owing to GST rate cut rationalisation are some of the reasons for the economy to have performed well, say analysts.
“The 8.2 per cent GDP growth in Q2 of 2025-26 is very encouraging. It reflects the impact of our pro-growth policies and reforms. It also reflects the hard work and enterprise of our people,” PM Modi said in a post on X.
“Our government will continue to advance reforms and strengthen Ease of Living for every citizen,” the prime minister said.
Also Read: India’s GDP growth beats forecast, logs 8.2 pc in Q2
Finance Minister Nirmala Sitharaman too hailed the September quarter GDP print of 8.2 per cent, saying it shows that reforms and fiscal consolidation drove the Indian economy’s robust growth and momentum.
“Various high-frequency indicators also point to continued economic momentum and broad-based consumption growth,” she said in a social media post.
The six-quarter growth in the economy beat most forecasts, and is said to have been boosted most because of the GST rate cut that helped offset deceleration in farm output, according to official data.
“The GDP estimates released today shows the robust economic growth and momentum of the Indian economy. With a Real GDP growth rate of 8.2 per cent for Q2 - FY 2025-26 (July-Sept), India is the world’s fastest growing major economy,” Sitharaman wrote on X.
In the current financial year, real GDP has registered an 8 per cent growth rate in the first half of fiscal 2025-26.
“The growth has been driven by sustained fiscal consolidation, targeted public investment, and various reforms that have strengthened productivity and improved ease of doing business,” the finance minister added.
She further said that PM Modi-led NDA government is committed to sustaining this growth momentum and advancing reforms that support long-term economic growth.
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