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GDP: The Indian economy has continued its impressive pace for the third consecutive quarter. In July-September, GDP growth rate reached the highest level of 6 quarters at 8.2 percent.
GDP: Amidst the challenges related to US tariffs, a big news has come on the economy front. Indian economy has performed much better than expected. According to data released by the government on November 28, the Indian economy has continued its impressive pace for the third consecutive quarter, with the GDP growth rate reaching a six-quarter high of 8.2 percent in July-September, compared to 7.8 percent in the previous quarter. The Indian economy grew by 8.2 per cent, the highest in six quarters, in July-September as factories produced more products in anticipation of a boost in consumption following the GST rate cut. According to government data, the GDP growth rate in the second quarter was better than 7.8 percent in the last three months and 5.6 percent in the same period a year ago.
Good performance in manufacturing sector
The manufacturing sector, which contributes 14 percent to the country’s gross domestic product, grew by 9.1 percent in the second quarter, which was 2.2 percent in the same quarter of the last financial year. India’s gross domestic product (GDP) growth rate increased by 8.2 percent in the second quarter. According to government data, it was 5.6 percent in the same quarter of the last financial year. This happened because factories produced more products in anticipation of increased consumption due to the GST rate cut. The manufacturing sector, which accounts for 14 percent of the country’s GDP, grew by 9.1 percent in the second quarter, compared to 2.2 percent in the same quarter of the previous financial year.
Target to reduce fiscal deficit
At the same time, between April to October i.e. in the first seven months of this financial year, India’s fiscal deficit stood at Rs 8.25 lakh crore. This is 52.6% of the annual estimates. This time the fiscal deficit is more than last year by 46.5%. The government aims to reduce fiscal deficit to 4.4% of GDP this financial year, from 4.8% a year ago. It has also been told by the government that India’s industrial production data for October 2025 will be released on December 1. All India Index of Industrial Production (IIP) data is usually released on the 28th of every month or on the next working day if the 28th is a holiday.
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