India's economic performance in Q2 FY 2025-26 has demonstrated robust momentum as per data released by the National Statistics Office. An 8.2% year-on-year growth in real Gross Domestic Product reflects strengthened activity in the manufacturing and services industries.
India’s economy maintained its strong momentum for the 3rd consecutive quarter, expanding 8.2% in July–September to a 6-qaurter high as compared with 7.8% in the previous quarter, according to data released on November 28.
Real GDP at constant (2011-12) prices increased to ₹48.63 lakh crore in Q2 FY 2025-26, from ₹44.94 lakh crore in Q2 of FY 2024-25, which signifies an 8.2% growth. Nominal GDP at current market prices reached ₹85.25 lakh crore, up from ₹78.40 lakh crore, representing 8.7% growth.
The secondary sector grew by 8.1%, while the tertiary sector expanded by 9.2%, bolstering the overall GDP figures.
The country's real Gross Value Added stood at ₹44.77 lakh crore in Q2 FY 2025-26, reflecting an 8.1% rise over ₹41.41 lakh crore in the same quarter of the previous year.
Within sectors, manufacturing led with a 9.1% rise, followed by construction at 7.2%, while financial, real estate & professional services grew by 10.2%. Agriculture and utility services grew slower at 3.5% and 4.4%, respectively.
Real Private Final Consumption Expenditure grew at 7.9% in Q2, surpassing the 6.4% growth in the same quarter last year. Government Final Consumption Expenditure and external trade data were also integrated using indicators from ministries and financial institutions to shape expenditure-side GDP estimates.
Read More: MoSPI Outlines Planned Updates to GDP, CPI and IIP Ahead of Base Year Revision!
Half-Yearly Economy Review: April to September 2025
In the April to September period (H1 FY 2025-26), India’s real GDP reached ₹96.52 lakh crore, achieving 8.0% growth compared to ₹89.35 lakh crore in H1 FY 2024-25. Real GVA rose by 7.9% to ₹89.41 lakh crore. Nominal GDP and GVA both increased by 8.8% in H1, maintaining uniform momentum across dues and prices.
The Ministry of Statistics and Programme Implementation is in the process of shifting the base year of the National Accounts from FY 2011-12 to FY 2022-23.
This revision anticipates changes in estimation methods, inclusion of updated data sources and new annual benchmarks, which will impact future GDP estimates, including the forthcoming Q3 data set to release on February 27, 2026.
India’s GDP growth of 8.2% in Q2 FY 2025-26 and 8.0% for the first half confirms a consistent recovery, largely driven by industrial and services sectors. These figures reflect resilient macroeconomic fundamentals ahead of the upcoming base year revision.
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Published on: Nov 28, 2025, 5:01 PM IST
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