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India’s GDP Jumps 8.2% In Q2 FY26, Services, Consumption Lead The Charge — Read Dolat Capital Report

India’s GDP Jumps 8.2% In Q2 FY26, Services, Consumption Lead The Charge — Read Dolat Capital Report
On the GVA front, the services sector remained the key engine, rising 9.2% YoY.(Photo source: Freepik)
  • India's real GDP grew 8.2% year-on-year in Q2 FY26, beating Bloomberg's 7.2% estimate
  • Private consumption increased by 7.9% and gross fixed capital formation rose 7.3% in Q2 FY26
  • The services sector expanded 9.2% year-on-year, leading overall economic growth in Q2 FY26
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India's real GDP grew 8.2% YoY in Q2 FY26, outpacing the Bloomberg consensus of 7.2%. This marks the fastest growth in six quarters, driven by robust private consumption (up 7.9%) and sustained investment activity (GFCF up 7.3%). The services sector remained the key engine, expanding 9.2% YoY, while the secondary sector grew 8.1% YoY.

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

India's real GDP expanded 8.2% YoY in Q2 FY26, sharply above the 7.2% consensus (Bloomberg). The upside surprise was driven by strong private consumption and sustained investment momentum.

On the GVA front, the services sector remained the key engine, rising 9.2% YoY.

A favorable base and a soft deflator amplified the headline GDP print, pushing growth higher than anticipated.

Click on the attachment to read the full report:

Dolat Capital GDP Q2FY26.pdf
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