While analysts feared increased pressure on India’s economy after the imposition of 50 percent tariff by America, new figures released by the government show a different picture. India’s GDP has been recorded at 8.2 percent in the last quarter, which has not only surprised global experts but has also created an atmosphere of enthusiasm among the businessmen of the country. The Chamber of Trade and Industry (CTI) has expressed happiness over this strong performance and described it as the result of positive changes in traders and consumer behaviour.
Strong jump in GDP, better performance than previous rates
According to the government report, this quarter has been better than the previous quarter. CTI Chairman Brijesh Goyal said that the GDP in the April-June quarter was 7.8%, whereas in the same period of 2024 it was only 5.6%. In such a situation, the figure of 8.2% is proof of the flexibility and strength of the Indian economy.
When America imposed 50% tariff on India, many economists feared that it would slow down India’s growth, but on the contrary, the sharp growth in GDP showed how strong India’s economic structure is. According to Brijesh Goyal, traders have played a decisive role behind this strength.
Increased consumption in villages and benefit of GST reduction
The positive impact of increase in consumption in rural areas and reduction in GST rates on many items is clearly visible on the economy. Due to cheaper goods, people’s purchases increased, which brought excitement back to the markets and the business through fixed bills also increased. Increase in GST collection and new registrations are also being considered as a big sign of improvement in the economy.
Festive season also gave impetus
This time, a turnover of Rs 5 lakh crore was done in the festive season, which gave further impetus to the overall economic activities. Production in the manufacturing sector has increased and factory activities have intensified, which provided strong support to the overall growth rate.
Estimate of 9% GDP in the next quarter
CTI General Secretary Gurmeet Arora and Senior Vice President Deepak Garg believe that considering the current situation, GDP can cross the 9% mark in the coming quarter. According to him, increase in domestic demand and activity of traders is a big support for the economy.
Record rise in stock market, investors’ confidence increased
CTI Vice President Rahul Adalkha and Rajesh Khanna said that today the Indian stock market opened with a historic surge. Sensex crossed 86,150 and Nifty crossed 26,300. So far, more than 19 crore demat accounts have been opened in India and one lakh new accounts are being added every day. Despite the tariffs, this strength of the stock market shows that investors’ confidence in India’s economic strength is continuously increasing.