Indian economy faces crosswinds with mounting global shocks
Economists warn that the finance ministry’s projected gross domestic product (GDP) growth of 6.3% to 6.8% for FY26 could come under pressure as global headwinds, rising geopolitical tensions, volatile capital flows, trade disruptions and weak private investment intensify. On the domestic front, India must address challenges in private sector investment and weak urban demand. Trump’s tariffs hit export-heavy Asian economies like China and Vietnam harder than India, which leans more on domestic consumption. Also read: CBDT probes crypto-related tax evasion Still, headwinds at home led chief economic advisor V. Anantha...