India's Economy Surges: Robust Growth Amid Global Challenges

India's economy experienced an impressive growth of 8.2% year-on-year in the July-September quarter, driven by robust consumer spending and manufacturing. Despite global trade uncertainties and U.S. tariffs on Indian exports, the country's economic expansion surpassed economist predictions, indicating a promising trajectory for future financial health.

India's economy delivered a remarkable performance in the July-September quarter, recording an 8.2% year-on-year growth rate. This upsurge, up from 7.8% in the previous quarter, was fueled by strong consumer demand and vibrant manufacturing activities, according to official data, amidst challenging global trade conditions.

Economists had predicted a more modest 7.3% growth for the period, a time that saw increased tariffs on Indian exports by the U.S. Despite this, the Indian economy's robust performance has surpassed expectations. Experts credit factors such as favorable statistical conditions and eased monetary regulations for this unexpected surge.

Looking ahead, economists highlight several variables that could impact upcoming quarters, including sustained consumer demand and potential reduction in rates due to low inflation. With the current pace, India's full-year economic growth projections for FY26 are now expected to exceed 7.5%, offering a substantial positive outlook for the country in the face of international challenges.

(With inputs from agencies.)