US EditionIndia economy grows at faster-than-expected 8.2% in September quarter even as tariffs bite
Growth driven by manufacturing at 9.1% and services at 10.2%, with private consumption rising 7.9%, marking a six-quarter high, official data showed.
- On Friday, November 28, 2025, the National Statistical Office and Ministry of Statistics and Programme Implementation reported India's real GDP grew 8.2% in the July–September quarter of FY 2025-26.
- Strong gains in the Secondary and Tertiary sectors lifted growth, with the Secondary sector at 8.1% including manufacturing at 9.1% and construction at 7.2%, while the Tertiary sector grew 9.2%, led by Financial, Real Estate & Professional Services at 10.2%.
- The release showed nominal GDP up 8.7%, real GDP at constant prices at ₹48.63 lakh crore versus ₹44.94 lakh crore a year earlier, and real private final consumption expenditure increased 7.9%.
- Real GDP in H1 of FY 2025-26 registered 8.0%, and the data arrive ahead of the Reserve Bank of India Monetary Policy Committee meeting, which will announce decisions on December 5.
- The Q2 print, a twenty month high, feeds into debate over reforms and targets, with the World Bank saying India must average 7.8% growth over 22 years and the Economic Survey 2024-25 urging sustained 8% growth for 'Viksit Bharat'.
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70 Articles
The data captures the trend of the economy in the three months from July to September compared to the same period of 2024
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The Indian economy grew at a rate of 8.2% in the second quarter of the financial year 2025-26, performing better than expected.
GDP grows at 8.2%, fastest in 6 quarters: What the data really says about Indian economy
India’s GDP has grown at a robust 8.2% in the second quarter. Why has the real GDP growth been more than expected and what’s the outlook for the coming quarters? Why are economists pointing to the narrowing gap between nominal and real GDP growth? We explore:
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