Nageswaran: India has been out of fashion among global investors but that could change
Meanwhile, India’s own numbers have held up well through a hard year. Real GDP grew 7.8% in April to June, above the Reserve Bank’s projection of 7%. Manufacturing grew 9.2%. Inflation in 2025-26 was the lowest in 47 years. The fiscal deficit has come down from 9.2% of GDP in 2020-21 to 4.4% in 2025-26. Tax relief, GST rationalization, rate cuts and easier regulation in 2025 built a cushion before the shock. Resilience is built in good times. Its value shows in bad times.
