India’s Q2 Growth Fires Past Estimates at 8.2%, Powered by 9.1% Manufacturing Surge

India’s economy accelerated in the July–September quarter, with real GDP expanding 8.2% year-on-year, compared with 5.6% in the same quarter a year earlier and 7.8% in the previous quarter. The outcome comfortably topped the 7.3% median forecast of economists polled by Reuters, highlighting stronger-than-expected momentum even amid higher tariffs on Indian exports and uneven global demand.​

 

On the supply side, the secondary sector posted robust gains, with manufacturing growing 9.1% and construction 7.2%, reflecting healthy factory output, infrastructure activity and policy support. Agriculture and allied activities grew 3.5%, providing a moderate but positive rural underpinning despite weather and price uncertainties. Services remained a key pillar, as financial, real estate and professional services recorded double‑digit growth, while overall consumption demand, measured by private final consumption expenditure, rose 7.9%.​

 

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Sources: Ministry of Statistics & Programme Implementation (MOSPI) press note; Press Information Bureau; Hindustan Times