India’s economic growth picked up sharply in the July–September quarter, with Real GDP expanding by 8.2% in Q2 FY26, significantly higher than the 5.6% growth recorded in the same quarter last year and above the CNBC-TV18 poll estimate of 7.4%.
The latest data released by the Ministry of Statistics & Programme Implementation shows India’s GDP at constant prices rising to ₹48.63 lakh crore in Q2 FY26, compared to ₹44.94 lakh crore in Q2 FY25. The headline number reflects sustained strength in the secondary and tertiary sectors, which posted growth rates of 8.1% and 9.2% respectively, helping propel overall economic momentum.
On a sequential basis, GDP growth also improved from 7.8% in Q1 FY26, highlighting continued economic resilience despite global uncertainties. Nominal GDP growth stood at 8.7% during the quarter.
MoSPI noted that sectors like manufacturing (9.1%), construction (7.2%), and financial, real estate & professional services (10.2%) remained key contributors to the upside. Private consumption also strengthened, with PFCE rising 7.9% in real terms.
