Opinion | India’s Economy Is Beating Global Headwinds And Modinomics Is The Driver
In the heart of a world grappling with geopolitical tensions, trade wars and lingering inflationary pressures, India’s economy stands tall as a beacon of resilience and ambition.
On November 28, the Ministry of Statistics and Programme Implementation unveiled India’s real Gross Domestic Product (GDP), which expanded by a robust 8.2 per cent in the second quarter of the fiscal year 2025-26 (July-September 2025 quarter). This marks the fastest growth in six quarters, outpacing expectations and underscoring the vitality of the world’s biggest democracy. Prime Minister Narendra Modi, whose decade-long stewardship has redefined India’s economic narrative, hailed the data as a testament to “pro-growth policies and reforms". In an era where major economies like the United States and China are projected to grow at subdued rates of around 2.5 per cent and 4.5 per cent respectively, India’s gigantic sprint positions it firmly as the fastest-growing major economy, a title it has proudly held under PM Modi’s watch.
This surge isn’t a fleeting anomaly; it is the culmination of strategic vision, bold reforms and an unyielding focus on self-reliance. From the ashes of the Covid-19 pandemic, which saw India’s GDP contract by 6.6 per cent in FY 2020-21, the nation has rebounded with vengeance. Under Modi, average annual GDP growth has hovered above 7 per cent, transforming India from a $1.86 trillion economy in 2014 to a projected $5 trillion powerhouse sooner rather than later. This isn’t just about numbers; it is about lives uplifted, dreams realised and a young demographic dividend harnessed. This growth is driven by reforms and fiscal consolidation, reflecting how the Modi government balances ambition with prudence.
The 8.2 per cent GDP growth figure arrives at a pivotal moment. With the US presidential transition looming and potential tariffs under a second Trump administration threatening global supply chains, India’s domestic demand-led expansion offers a decisive buffer. Manufacturing and services, the twin engines of the 2QFY26 boom, have cushioned the Indian economy against external shocks. As we delve deeper, it is clear: under Modi, India’s economy isn’t just surviving—it is thriving, alive and kicking with the vigour of a nation on the cusp of superpower status.
At its core, GDP measures the total value of goods and services produced within a country’s borders over a specific period, serving as a barometer of economic health. A growth rate of 8.2 per cent in real terms, adjusted for inflation, means India’s output swelled by that margin,........
