Published: 27 November 2025PIBEconomy
India's Q2 FY26 GDP Growth at 8.2%, Six-Quarter High
India's real GDP in Q2 FY2025-26 was estimated at ₹48.63 lakh crore, registering a growth rate of 8.2%, a six-quarter high, as released by the NSO on November 28, 2025. This significantly exceeded the consensus estimate of 7.3%. Nominal GDP grew at 8.7%.
Private consumption (PFCE) was up 7.9%, a three-quarter high. Investment (GFCF) grew 7.3%. On the sectoral front, the tertiary sector led at 9.2%, followed by the secondary sector at 8.1%. The robust growth was driven by domestic demand, strong services expansion, and recovering manufacturing output. India's cumulative exports for April-November 2025 reached $562 billion, up 5.43% year-on-year.
0Mains angle
Q: Evaluate the drivers of India's Q2 FY26 real GDP growth of 8.2%, and assess what the sectoral composition implies for sustaining this momentum.
Answer (50 words):
India's Q2 FY26 real GDP, estimated at ₹48.63 lakh crore, grew 8.2 percent, a six-quarter high released by NSO on 28 November 2025, beating the 7.3 percent consensus estimate. Private consumption rose 7.9 percent and investment 7.3 percent, while services led at 9.2 percent and manufacturing at 8.1 percent.
6-axis classification
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Linked questionMedium
What is the capital expenditure target in Union Budget 2026-27?
Explanation · Correct answer ACapex was raised to ₹12.2 lakh crore (3.1% of GDP), up by about 9% from ₹11.21 lakh crore in FY 2025-26 (BE).
Frequently asked questions
What did NSO report for India's real GDP in Q2 FY2025-26?
NSO reported on November 28, 2025 that India's real GDP in Q2 FY2025-26 was estimated at ₹48.63 lakh crore. The growth rate was 8.2%, a six-quarter high.
How did the Q2 FY2025-26 GDP growth compare with estimates and nominal GDP growth?
The 8.2% real GDP growth significantly exceeded the consensus estimate of 7.3%. Nominal GDP grew at 8.7%.
What did the data show for private consumption and investment?
Private consumption (PFCE) was up 7.9%, a three-quarter high. Investment (GFCF) grew 7.3%.
Which sectors and drivers supported the Q2 FY2025-26 growth?
The tertiary sector led at 9.2%, followed by the secondary sector at 8.1%. The growth was driven by domestic demand, strong services expansion, and recovering manufacturing output, while India's cumulative exports for April-November 2025 reached $562 billion, up 5.43% year-on-year.
