India’s Q2 2025 GDP rose to 7.8%, driven by services, consumption, and a low inflation deflator.

• Services grew 9.3% YoY, reaching a two‑year high, contributing two‑thirds of activity in the quarter overall.
• Manufacturing rose to 7.7% YoY, a five‑quarter high, showing resilience despite the global slowdown in 2025.
• Easier credit, lower food prices, and welfare spending boosted household purchasing power through late 2025.