India's GDP just hit a 6-quarter high—here's what that means
India's economy grew by a solid 8.2% from July to September this year, way above last year's 5.6% and even beating expert predictions.
The jump came thanks to strong rural buying power (helped by good monsoon rains) and steady government spending on big infrastructure projects.
What's behind the numbers?
The services sector was the star, growing 9.2%, with finance and real estate leading the charge.
Manufacturing also did well at 9.1%.
People spent more too—private consumption went up by nearly 8%.
Agriculture grew modestly, but mining slipped a bit.
So, what's next?
Even with this impressive quarter, the Reserve Bank of India is keeping its growth forecast for FY 2025-26 at 6.5%, playing it safe due to global uncertainties and trade tensions.
Still, they're hopeful that strong demand at home and ongoing reforms will keep things moving in a good direction.