Indian Economy Resilient Amid Global Uncertainties

The March eco review stressed the need to prevent uncertainty from dampening momentum

- Rik Kundu

India's economy continues to show resilience and stability despite global uncertainties and trade-related disruptions, with key indicators pointing to sustained growth momentum in the final quarter of FY25, said the finance ministry's Economic Review for March, released on Tuesday.

Rising GST (goods and services tax) collections, higher e-way bill generation, improved consumer sentiment, and a manufacturing revival indicated strengthening economic activity, while rural demand remained steady with increased household consumption, it added.

The document, prepared by the finance ministry's department of economic affairs, said manufacturing was on the upswing, with the Reserve Bank of India's (RBI's) industrial outlook survey reporting stronger production, order books and capacity utilization for Q3 FY25 underscoring an industrial recovery.