India's Economy Surges: GDP Growth At Six-Quarter High

India's GDP growth has reached 8.2% in the September quarter, driven by fiscal consolidation, reforms, and a boost in factory production due to GST rate cuts. The Finance Minister credits sustained government initiatives for the momentum, marking India as the fastest-growing major economy.

The Indian economy showcased a remarkable growth of 8.2% in the September quarter, marking a six-quarter high according to official data. This surge is attributed to fiscal consolidation and reforms driving a boost in factory production, compensating for reduced farm output.

Finance Minister Nirmala Sitharaman attributed this robust economic performance to various high-frequency indicators that signal ongoing economic momentum and widespread consumption growth. She highlighted the pivotal role of strategic public investment and productivity enhancements in achieving this growth.

In a social media post, Sitharaman emphasized that India remains the fastest-growing major economy, with real GDP growth reaching 8% in the first half of the fiscal year 2025-26. The minister reiterated the government's commitment to maintaining momentum through continuous reforms under the NDA leadership.

(With inputs from agencies.)