CEA Nageswaran said India’s growth will exceed 7% in FY26, with GDP set to cross $4 trillion, backed by strong Q2 growth, reforms and resilient consumption.

India’s Gross Domestic Product (GDP) for the second quarter of the current financial year grew at 8.2% as agai

India’s Q2 FY2025-26 GDP growth came in stronger than expected at 8.2% year-on-year, says Rumki Majumdar, Economist, Deloitte India, adding that with festive season spending and the momentum from GST 2.0 likely to support activity in Q3, we anticipate a significant upward revision to full-year growth estimates.

"Real GDP or GDP at Constant Prices in Q2 of FY 2025-26 is estimated at Rs 48.63 lakh crore, against Rs 44.94 lakh crore in Q2 of FY 2024-25, registering a growth rate of 8.2 per cent. Nominal GDP or GDP at Current Prices in Q2 of FY 2025-26 is estimated at Rs 85.

India's Q2 FY26 GDP growth is projected at 7.5%, significantly higher than last year's 5.6%, according to Union Bank.

The decision to release Q1 and Q2 estimates in the new series is intended to smooth the transition and provide a coherent framework for analysis.

The latest estimates, released by the National Statistics Office (NSO), point to broad-based momentum led by manufacturing, services, and resilient household consumption.

Canada's economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data showed on Friday, even as business investments and household consumption disappointed due to the lingering uncertainty over U.

India’s GDP surged to 8.2% in Q2 FY26, marking a six-quarter high driven by strong manufacturing at 9.1%, robust services growth, improved private consumption, and sustained government capital expenditure.