A new SBI Capital Markets report underscores India’s economic resilience amid rising global trade disruptions.
The report highlights robust consumption and fiscal spends as cushions against external shock from tariffs.
Even with thorny U.S. trade policies, Q2 growth stayed impressive at 7.8% YoY, validating strength capex.
Crucially, simplified GST reforms are estimated to inject around ₹50,000 crore into the economy via demand stimulus.
Thus, internal levers appear to be mitigating external headwinds effectively.
Report suggests value-retail, auto, and rural-linked sectors may benefit most from the demand boost.
Policymakers may leverage this to reinforce fiscal prudence while unlocking consumption-led growth.
Analysts call this a structural pivot—less reliance on exports, more strength from domestic engines
.
Execution of reforms and capex rollout could determine whether momentum sustains Q3 and Q4.
India may be redefining growth resilience in a world rattled by trade shocks.