Mumbai, June 26 -- The global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geo-political tensions. In this state of elevated global uncertainty, various high-frequency indicators for May 2025 point towards resilient economic activity in India across the industrial and services sectors.

Agriculture showed a broad-based increase in production across most major crops during 2024-25. The domestic prices situation remains benign with headline inflation staying below the target for the fourth consecutive month in May.

Financial conditions remained conducive to facilitate an efficient transmission of rate cuts to the credit market.

Protracted trade policy uncertainties and rising tra...