Amid the evolving global developments and the recent trade and tariff-related uncertainties, India’s domestic economy continues to show signs of stability and resilience, said the Finance Ministry's review for March. Key indicators such as higher GST collections and increased E-way bill generation in Quarter 4 Financial Year 2025 suggest steady growth in economic activity, said the report. "Consumer sentiment has shown improvement, with RBI’s (Reserve Bank of India) latest survey reflecting a more positive outlook on current conditions and future expectations. Rural demand remains steady, with the majority of households surveyed by NABARD (National Bank for Agriculture and Rural Development) reporting increased consumption over the past year. The manufacturing sector is also seeing a revival." As things stand, as per the report, geopolitical tensions, disruptions to supply chains, tariffs, and trade-related uncertainties are posing downside risks to global growth. The escalating trade tensions and tariff wars have led to "apprehensions" of the global economy facing higher inflation and lower economic growth in the near term, the report said. (ICE NEW DELHI)

Fonte notizia: Economic Times