India’s Q2 GDP Growth Remains Strong Despite Industrial Weakness

India’s GDP grew by 8.2% in Q2, driven by strong consumption and services growth. However, industrial output showed a decline, leading to some caution. The government continues to focus on expanding digital payments, with UPI volumes up 32% YoY. Exports remain under pressure, particularly in sectors impacted by global tariff pressures, but India is shifting towards self-reliance through new policy measures.