What Is Keeping India’s Growth Steady Even As The World Gets Choppy?

The global weather is rough, but India’s economy still has a sturdier umbrella than many people expected. India’s latest growth story is being propped up less by the outside world and more by what happens inside it. SBI Research now expects Q4 FY26 real GDP growth of about 7.2% and full-year FY26 growth of 7.5%, with rural and urban consumption doing much of the heavy lifting. That matters because the global backdrop is messy. Reuters reported last week that the government sees India as resilient, but still exposed to Middle East-linked supply disruptions, higher energy costs and trade strain. The same report noted retail inflation at 3.4% in March, while exports weakened and remittance flows could face pressure if the conflict drags on. Why the engine keeps humming The simplest answer is demand. India’s services sector bounced back in April, with the HSBC India Services PMI rising to 58.8, a ...

Devyani

• 4 months ago
• 2 minutes read