World Business Report India economy grows faster than expected
Nov 28, 2025
Join Arunaday Mukherjee, an insightful India business correspondent, and Michelle Fleury, BBC's North America business correspondent, as they delve into India's impressive 8.2% GDP growth sparked by robust consumption. Arunaday highlights the optimism in Indian businesses despite trade challenges, while Michelle reveals shocking trends in US retail with record low seasonal hiring. Discover how consumer behavior shifts as the holiday season approaches. Tune in for a fascinating look at global economic dynamics!
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Consumption-Led Growth
- India's GDP grew 8.2% year-on-year in July–September, exceeding expectations driven by consumption and manufacturing.
- Private consumption accounts for nearly 60% of GDP, showing the economy's reliance on domestic spending.
Resilience Despite Trade Pressure
- The GDP figures suggest resilience despite US tariffs that targeted Indian exports.
- Improved rural spending and better agricultural output also boosted domestic demand.
Policy Meets Seasonality
- Recent reforms around the goods and services tax encouraged spending and coincided with the festive season.
- The timing of policy changes and seasonal demand amplified consumption gains.