KEY HIGHLIGHTS
India Q2 GDP Live: FM On GDP Growth
The Finanace Minster took to X t comment on the GDP growth.
"GDP growth released today shows the robust economic growth and momentum of the Indian economy. With a Real GDP growth rate of 8.2% for Q2- FY 2025-26 (July-Sept), India is the world’s fastest growing major economy," Sitharaman posted.
India Q2 GDP Live: CEA Anant Nageswaran On Geopolitical Risks
The confluence of stable inflation, sustained public capex, and reform momentum positions the economy to navigate risks, as reflected in upward revisions to FY26 GDP growth projections by various agencies
Geopolitical risks to cast a shadow on cross-border and domestic investment. We were concerned in August on the negative impact of US tariffs. We are now talking about 7% growth rate or higher.
India Q2 GDP Live: CEA Anant Nageswaran On Pricing
Core inflation remains stable, while timely Rabi sowing and healthy reservoir levels reinforce a benign food supply outlook
The cumulative GST collection growth of 9.0% for Apr-Oct 2025 indicates that the underlying revenue stream has remained resilient, aided by firm consumption and improved compliance
Improving price dynamics and tax reforms are expected to boost household disposable incomes, strengthening the near-term consumption outlook. Healthy corporate sector balance sheets augur well for sustained private Investments in H2 of FY26
India Q2 GDP Live: CEA Anant Nageswaran On Outlook
IMF Article IV (2025) highlights that India's strong performance is anchored in sound macro policies and sustained structural reforms
Ongoing structural reforms (implementation of Labour Codes, GST rate rationalliation, new Personal Income Tax regime and deregulation initiatives continue to enhance efficiency & competitiveness
Growth momentum is firming, driven by robust expansion in manufacturing and services, supported by festive demand and GST-led gains
India Q2 GDP Live: CEA Anant Nageswaran On Household Balance Sheets
Household balance sheets are in good shape, he said as financial liabilities have reduced. Investments in mutual funds and other instruments have grown over two times.
India Q2 GDP Live: CEA Anant Nageswaran OnNew Labour Codes
October inflation was .3% and the core inflation rate is at 4.3%, well below 5%. The overall employment situation remains steady.
The new codes are streamlined and balanced and this should encourage formal hiring.
On New Labour codes, Nageswaran said that they are streamlined and balanced. These should encourage formal hiring.
India Q2 GDP Live: Modi On GDP Growth
PM Modi has taken to X to post that the 8.2% growth is encouraging for the nation.
"The 8.2% GDP growth in Q2 of 2025-26 is very encouraging. It reflects the impact of our pro-growth policies and reforms," he posted.
India Q2 GDP Live: CEA Anant Nageswaran On GDP
The full year growth will be in 7% or north of 7% rather than south of 7%. He said that growth will be in 7% in FY28.
Petrol and diesel prices is growing as per volume growth. He said that the electricity consumption needs to be watched.
Picture looks of steady growth into third quarter. Urban demand gaining traction post GST cuts. The rural demand remains resilient while the full impact of GDP rates will come out in coming months.
India Q2 GDP Live: CEA Anant Nageswaran On GDP
Agriculture activity remains robust with the highest sowage in wheat and gram.
In global comparison doing quite well in terms of annual real GDP growth rates. Manufacturing numbers have been really well
India Q2 GDP Live: Anant Nageswaran, CEA On GDP
Adressing the six-quarter high growth of rate of 8.2%, CEA Anant Nageswaran said that the growth rate was out of even many sophisticated estimates.
He went on to add that direct tax relief in budget and employment schemes laid the Foundation of continuing performance of the Indian economy.
Supply side investment in electricity, highways laid, airports made, logistics cost have given a push. Digital public Infrastructure has opened roads to more individuals.
India Q2 GDP Live: Saurabh Garg On GDP
The gap between real and nominal GDP has narrowed significantly, according to Saurabh Garg.
India Q2 GDP Live: Saurabh Garg On GDP
Sectors within the services like Banking and government sector done well.
Manufacturing growth was 9.1% especially due to headwinds.
Automobile and component sector perfomed well.
Private Consumption Expenditure has a share of 62% in GDP as it grew by 7.9%. The Central government CAPEX grew at 31%.
India Q2 GDP Live: Saurabh Garg On GDP
Saurabh Garg is the Secretary of the Ministry of Statistics and Programme Implementation (MoSPI):
India's Q2 GDP growth was strongly driven by both the services and manufacturing sectors.
The services sector recorded an impressive growth rate of 9.2% in the quarter.
Only sector that has seen deceleration is mining and quarrying due to monsoon.
India Q2 GDP Live: CEA V Anantha Nageswaran To Comment On GDP
Chief Economic Adviser or CEA V Anantha Nageswaran is set to address a briefing regarding India's 7.8% GDP growth for the first quarter of the 2023-24 fiscal year shortly.
India Q2 GDP: Top Five Takeaways
Q2 GDP growth hit 8.2%, significantly surpassing the 7.3% estimate.
This is the highest growth level recorded since March 2024.
The release of the October Index of Industrial Production (IIP) data was postponed to December 1. The delay occurred because the IIP release date coincided with the Q2 GDP data announcement.
April-October Fiscal Deficit stood at Rs 8.25 lakh crore. The Fiscal Deficit for the quarter is at 52.6% of Financial Year target.
The Fiscal Deficit to Rs 8.25 Lakh crore versus Rs 7.51 Lakh crore in the previous year.
India Q2 GDP Live: India 10-Year Bonds
India ten-year bonds have extended its losses. The 10-year yeild is up five basis pounts to 6.51%.
India Q2 GDP Live: First Half Of Fiscal Year 2024-25
For the first half of financial year 2025-26, April–September, the Real GDP registered an impressive 8.0% growth rate, up from 6.1% recorded in first half of fiscal year 2024-25.
India Q2 GDP Live: Investment, Consumption Jumps
Private Final Consumption Expenditure, that fuels over one-third of India's economy, reported 7.9% growth rate during Q2, as compared to the 6.4% growth rate in the corresponding period of previous financial year.
Government expenditure declined 2.7%, compared to a growth of 4.3%.
Private investment, measured as Gross Fixed Capital Formation, expanded 7.3% versus 6.7% last year.
India Q2 GDP Live: In Charts
India Q2 GDP Live: Final Consumption Expenditure
Real Private Final Consumption Expenditure (PFCE) increased significantly to a 7.9% growth rate in second quarter, compared to 6.4% in the same period last year, indicating healthy consumer demand.
India Q2 GDP Live: The Tertiary Sector
The Tertiary Sector was boosted by the Financial, Real Estate and Professional Services segment, maintained a substantial growth rate of 10.2% at Constant Prices.
Growth in the Agriculture and Allied Sector moderated to 3.5%, while the Electricity, Gas, Water Supply and Other Utility Services Sector saw a Real growth rate of 4.4% during the quarter.
India Q2 GDP Live: Manufacturing, Construction Power GDP
The overall economic growth was primarily driven by the Secondary Sector, which was 8.1%. The Tertiary Sector was 9.2%, pushing the Real GDP growth rate above 8.0%.
Within the Secondary Sector, the Manufacturing industry expanded impressively by 9.1%, and Construction activity grew by 7.2% at Constant Prices.
India Q2 GDP Live: Real GDP
The real GDP at constant prices for the second quarter of fiscal year 2025-26 is estimated at Rs 48.63 lakh crore, up from Rs 44.94 lakh crore in the second quarter of financial year 2024-25.
India Q2 GDP Live: Quarterly GDP and GVA Estimates Vs Growth Rates
(Image source: PIB)
(Image source: PIB)
India Q2 GDP Live: Nominal GDP
India's Jul-Sept nominal GDP growth stood at 8.7% compared to 8.3% in the year ago period. The April-September nominal GDP growth 8.8% versus 9.0% in the previous year.
India Fiscal Deficit Live: Fiscal Deficit At Rs 8.25 Lakh Crore
April-October Fiscal Deficit stood at Rs 8.25 lakh crore. The Fiscal Deficit for the quarter is at 52.6% of Financial Year target. The Fiscal Deficit to Rs 8.25 Lakh crore versus Rs 7.51 Lakh crore in the previous year.
India Q2 GDP Live: Highest GDP Since March 2024
The GDP for the second quarter of the fiscal year is at the highest levels since March 2024. The GDP stood at 8.2% versus the estimate of 7.3%.
GDP Growth to 8.2% versus 5.4% a year ago. The GDP Growth at 8.2% compared to 7.8% in the first quarter of FY26.
Q2 Gross Value Added Growth is at 8.1% versus estimate of 7.3%. The second quarter GVA growth is at 8.1% versus 5.6% a year ago.
Q2 Gross Value Added Growth to 8.1% versus 7.6% in first quarter of fiscal year 2026. This marks the highest growth in 6 quarters.
India Q2 GDP Live: GDP Growth Outlook
Gross domestic product likely expanded at a rapid pace of more than 7% last quarter, yet inflation is at a record low of under 1%, largely because of a collapse in food prices, according to Bloomberg.
The rupee has plunged to an all-time low of about 90 to the dollar, while the stock market is soaring. Imports surged last month after the government cut taxes, but exports have plummeted.
India IIP Data Live: Delayed Till Dec. 1
India has reportedly delayed the release of IIP or Index of Industrial Production till December 1, Monday. The Minstry of Statistics has delated Oct IIP data and rescheduled it to Dec. 1, as it was coninciding with the second quarter GDP data.
India Q2 GDP Live: GDP Growth Expectations
Nirmal Bang expects India’s GDP growth for the second quarter of the fiscal year at 7%, higher than its earlier estimate of 6.5%, supported by strong festive demand and robust manufacturing activity.
The brokerage has also revised financial year 2026 GDP growth upward to 7% from 6.5%, citing better-than-expected performance in the second quarter.
India Q2 GDP Live: Growth Outlook, Forecast And More
Hello and welcome to NDTV Profit's live coverage of India's gross domestic product numbers for the July-September quarter.
The official data on GDP is expected soon and the financial markets are sending conflicting signals about the growth outlook, complicating policymakers’ efforts to support activity as high US tariffs weigh on prospects.
In this live blog, we will also be covering the the fiscal deficit and industrial production numbers that are scheduled to be released today.
So stay with us as we bring you real-time updates on these key macro-economic data.
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