Why in News?
India’s GDP grew 8.2% in Q2 (July–September) FY26, the highest in six quarters, driven by strong manufacturing and services sector performance. Overall GDP growth for H1 FY26 stands at ~8%.
Description:
Data Source:
- GDP data released by MoSPI — Ministry of Statistics and Programme Implementation.
- Calculated using the 2011–12 base year.
- GDP released quarterly with 2 months of lag.
IMF’s View: IMF recently gave India a ‘C’ grade for data transparency/statistics quality.
Significance:
- Confirms India remains the fastest-growing major economy.
- Boost to investor sentiment, manufacturing, and services momentum.
- Supports fiscal stability and revenue outlook.
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