India's Economy on a Resilient Growth Path Amid Global Challenges

India's economy demonstrates remarkable resilience in the 2025-26 fiscal year, bolstered by strong GDP growth and robust indicators, according to the Ministry of Finance's latest report. The continuation of growth is signified by measures like increased e-way bill generation, healthy fuel consumption, and positive PMI indices, suggesting consistent economic activity.

The report highlights strengthened rural demand, driven by a successful rabi harvest and favorable monsoon predictions, while urban consumption rises with increased travel and hotel occupancy. Despite this, some softening in vehicle sales and construction inputs was noted. Remarkably, inflation has decreased, hitting a six-year low of 2.82% in May, comfortably within the Reserve Bank of India's target range.

Reflecting on India's economic vigor, the finance ministry notes the economy's adept handling of global tensions and trade uncertainties, showcasing growth through domestic demand and investment activity. Meanwhile, foreign exchange reserves are robust at USD 699 billion, bolstering India's economic stability. Labor markets are also thriving, with increased hiring in key sectors and rising formal job creation.

(With inputs from agencies.)