Opinion | India’s 8.2% Growth: A Surging Economy That Is Still Undercounted
In a world grappling with geopolitical tensions, inflationary pressures, and sluggish global trade, India’s economy stands as a beacon of resilience and dynamism.
The latest quarterly GDP figures, released on November 28, 2025, reveal an outstanding growth rate of 8.2% for the July-September quarter of FY 2025-26 — the fastest in six quarters and surpassing market expectations.
This surge not only cements India’s position as the world’s fastest-growing major economy but also silences the perennial naysayers who have long ‘predicted’ a slowdown. Prime Minister Narendra Modi aptly captured the sentiment on social media, noting that this growth “reflects the impact of pro-growth policies and reforms".
As we delve deeper, it’s clear that India’s ascent is no fluke; it is the result of pragmatic governance, bold reforms, and an unwavering commitment to economic self-reliance.
The 8.2% growth figure is particularly striking against the global backdrop. While advanced economies like the United States and the Eurozone limp along at sub-3% growth rates, and even China contends with domestic challenges, India has defied headwinds from trade wars, supply chain disruptions, and volatile commodity prices.
This resilience stems from a diversified economic base — spanning manufacturing, services, and agriculture — that has buffered the nation against external shocks. For instance, stronger rural demand and a rebound in private consumption have propelled this quarterly uptick, even as global uncertainties loom. Critics who once dismissed India’s targets as overambitious now find themselves recalibrating their forecasts. The International Monetary Fund (IMF) and World Bank have repeatedly upgraded India’s projections, acknowledging its outperformance amid a tepid global recovery.
Yet, this 8.2% is likely an underestimation of India’s true economic vigour. A key factor often overlooked is the exclusion of comprehensive data from Limited Liability Partnerships (LLPs) in current GDP calculations. Moreover, the International Monetary Fund (IMF) classified India’s GDP data with a ‘C’ grade due to methodological weaknesses, not a systemic........





















Toi Staff
Sabine Sterk
Gideon Levy
Penny S. Tee
Mark Travers Ph.d
John Nosta
Daniel Orenstein