Steady, Strong, Strategic

With strong GDP numbers, a capex-led backbone and a maturing tax regime, India signals confidence at home and credibility abroad in a volatile global landscape

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India’ latest quarterly GDP figures— clocking in at a robust 7 per cent+ range according to government estimates—have once again delivered a polite but firm reminder to global pessimists: rumours of India’s economic demise have been greatly exaggerated.

At a time when advanced economies are flirting with recession and emerging markets are dodging geopolitical curve balls, India has not only kept its growth engine humming but has added a bit of turbocharge.

A defining driver of this momentum is the government's unrelenting push on infrastructure. Public capital expenditure has grown by over 30 per cent year-on-year in recent budgets, and the results are showing. Highways stretching across states, new airports, record railway modernisation, port capacity upgrades, and the expansion of freight corridors have collectively injected life into construction, logistics, and ancillary industries. In an era where global supply chains behave like temperamental teenagers—unpredictable, emotional, and easily disrupted—India’s domestic capex cycle has served as the stabilising adult in the room.