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Govt reforms, manufacturing push lift Q2 growth to 8.2%: Goyal

Union Commerce and Industry Minister Piyush Goyal on Saturday said that the government’s sustained reform measures and efforts to bolster domestic manufacturing have played a central role in driving India’s economic expansion to 8.2% in the July–September quarter of the current fiscal.Speaking at a national padyatra in Gujarat, organised to mark the 150th birth anniversary of Sardar Vallabhbhai Patel, Goyal said the latest GDP figures underline India’s continued strength as the fastest-growing major economy. “The 8.2% growth reflects the host of reform measures taken by the government. Multiple steps have been implemented to boost domestic manufacturing and improve ease of doing business,” he noted.


Goyal added that India’s export performance has remained resilient despite global trade uncertainties. Merchandise and services exports in the first nine months of the fiscal edged up 0.63% to USD 254.25 billion, while imports rose 6.37% to USD 451.08 billion. Services exports stood at USD 237.55 billion during April–October 2025, up from USD 216.45 billion in the same period last year.The strong Q2 GDP print follows 7.8% growth in the April–June quarter. Official data shows the expansion was supported by higher public investments, strong services demand, rising industrial output and stable consumption trends, aided further by the GST rate cuts implemented ahead of the festive season. India’s growth outpaced China’s 4.8% expansion during the same period.
Manufacturing remained a key driver, growing 9.1% in the quarter, compared with 7.7% in the previous three months and 7.6% a year earlier. The construction sector grew 7.2%, reflecting steady momentum in infrastructure and real-estate activity.Goyal said the figures dismiss pessimistic projections made by some quarters and reiterated confidence in India’s economic trajectory. “We will continue to see relentless growth,” he said.

(State Correspondent)


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