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Report on Q2FY26 GDP: From Capex to Consumption: How Policy Initiatives Sparked a GDP Beat

The report analysed India’s Q2 GDP data. India’s economy surged 8.2% in Q2 FY26, powered by robust consumption, government capex, and strong construction activity, with services and manufacturing adding momentum. External stability from ample forex reserves and policy tailwinds like tax breaks and GST rationalisation support growth. Despite global headwinds and muted private capex, India is set to remain the fastest-growing major economy, with FY26 GDP likely above 7% and nominal growth around 8.5%.

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