New Delhi : India’s economic engine picked up more speed in the September quarter, with official data showing that real GDP grew 8.2% in Q2 of FY 2025-26, well above the 5.6% recorded a year ago and stronger than the 7.8% posted in the first quarter. The numbers, released by the National Statistics Office (NSO), point to strong momentum led by manufacturing, construction, and a robust services sector.
Manufacturing expanded 9.1%, construction grew 7.2%, and the broader secondary sector clocked growth of 8.1%. The services side of the economy remained the standout performer. The tertiary sector grew 9.2%, driven by a strong 10.2% expansion in financial, real estate and professional services. Private consumption also showed healthy traction. Real private final consumption expenditure (PFCE) grew 7.9% in Q2, compared to 6.4% in the same period last year, signalling steady demand despite uneven monsoon conditions.
Agriculture, however, lagged behind. The farm sector grew just 3.5%, and utilities such as electricity, gas and water supply grew 4.4%, reflecting a softer patch for these segments. Overall, the first half of FY26 has delivered an 8% GDP growth rate, up from 6.1% in the first half of the previous financial year. Real GVA growth during Q2 came in at 8.1%, supported by broad-based expansion across key industries.
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