India’s GDP seen growing 7.2% in Q2, powered by consumption

New Delhi: India Ratings & Research (Ind-Ra) on Wednesday projected India’s GDP to grow at 7.2 per cent in the second quarter of the current fiscal, with private consumption being the leading growth driver.

The Indian economy had expanded 5.6 per cent in the Q2 (July-September) of 2024-25 fiscal. India’s real Gross Domestic Product (GDP) is estimated to have grown at the fastest pace in five quarters at 7.8 per cent in the April to June period of the current fiscal. The National Statistics Office (NSO) is slated to release the official data on FY26 Q2 GDP growth estimates on November 28. In a statement, Ind-Ra said it expects GDP growth to remain robust at 7.2 per cent year-on-year in the second quarter of FY26.