Key Takeaways
- India’s Q2 GDP growth accelerated to 8.2%, retaining its position as the world’s fastest-growing major economy
- Manufacturing and construction sectors showed strong performance with 9.1% and 7.2% growth respectively
- Exports remained resilient despite global uncertainties, with services exports reaching $237.55 billion
Commerce and Industry Minister Piyush Goyal announced that India’s economy grew at 8.2% in the July-September quarter, attributing this robust performance to government reforms and manufacturing initiatives. Speaking at a national padyatra in Vadodara on November 29, 2025, Goyal emphasized that the growth figures counter previous skepticism and demonstrate India’s economic resilience.
Export Performance and Economic Drivers
Despite global trade uncertainties, India’s merchandise and services exports recorded substantial growth during April-October this fiscal. Merchandise exports reached $254.25 billion, while services exports stood at $237.55 billion, showing significant improvement from the previous year.
The 8.2% GDP expansion follows a 7.8% growth in the preceding quarter, outpacing China’s 4.8% growth rate. This performance was driven by multiple factors including higher public investments, strong services demand, industrial output, and firm consumption patterns.
Sectoral Performance and Outlook
Manufacturing output surged to 9.1%, up from 7.7% in the previous quarter, while construction maintained strong momentum at 7.2%. The growth was further supported by festive season consumption and GST reductions.
Minister Goyal expressed confidence in continued economic momentum, stating, “We will continue to see relentless growth,” while highlighting that the government’s ease of doing business reforms have been instrumental in driving this performance.
