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Balanced Growth: Manufacturing, Construction, and Services Drive India’s 7.8% GDP

Views by Mr Samyak Jain, Director, Siddha Group

“India’s Q1 GDP growth of 7.8% once again reinforces the country’s position as the fastest-growing major economy globally. The encouraging aspect is the balanced nature of this performance—manufacturing and construction are expanding close to 8%, while services are growing at a robust 9%+. This construction sector growth is particularly significant for the real estate industry, as it reflects strong infrastructure development and housing demand across urban and emerging markets.

On the demand side, momentum is equally broad-based, with private consumption, investments, and government spending all rising in healthy tandem. From a real estate perspective, this translates to sustained demand for both residential and commercial properties, driven by rising disposable incomes and corporate expansion. The healthy investment climate is fostering new real estate projects and infrastructure development, creating a positive cycle for the sector.

That said, challenges remain. The recent 50% U.S. tariff on Indian exports, along with external headwinds, will pose some risks in the months ahead. However, with ongoing reforms, policy support, and inflation remaining relatively benign, India’s macroeconomic story continues to be among the strongest and most compelling globally. For real estate, this stable macroeconomic environment, stable interest rates, coupled with urbanization trends and government housing initiatives, presents significant opportunities.

We expect FY25-26 growth to be steady & above global peers – providing a solid foundation for corporate earnings expansion and equity market performance. This sustained economic growth will continue to drive real estate demand, particularly in tier-1 and tier-2 cities, supporting both residential sales and commercial real estate investments.”

— Mr Samyak Jain, Director, Siddha Group


About Siddha Group

Founded in 1986 and headquartered in Kolkata, Siddha Group is a trusted name in Indian real estate with a growing footprint across Mumbai, Kolkata and Jaipur. The Group has built its reputation on quality construction, design innovation, affordability, and timely delivery, spanning residential, commercial, integrated townships and more…

Led by Chairman Chandra Prakash Jain, Managing Director Sanjay Jain, and Director Samyak Jain (who spearheads Mumbai operations), Siddha is committed to transparency and customer-centric development.

In Mumbai, the Group’s flagship project, Siddha Sky in Wadala, introduces the city’s first Rooftop Skywalk connecting five 39-storey towers, along with premium lifestyle amenities and a retail hub.

Nationally, Siddha has delivered over 15 million sq. ft. with over 10 million sq. ft. currently under development.

Pioneering concepts like Rooftop Skywalks, Siddha has consistently set new benchmarks in smart design and efficient planning. Recognized with over 30 industry awards, including CNBC Awaaz’s ‘Most Trusted Real Estate Brand – East Zone,’ Siddha continues to stand for trust, innovation, and excellence in execution.

 For More Information or to connect with Siddha Group

Please contact : Aaryana Matasco  | Ayesha Aryan Rana | 98214 12356 | 7700029963

ayesha.aryan @aaryanamatasco.ind.in | www.aaryanamatasco.ind.in

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