New Delhi, July 24 -- In the face of new US tariffs, uncertainty over higher trade barriers and signs of stagnant domestic consumer demand, India's economy broadly seems to be holding up well.

The Reserve Bank of India's State of the Economy report captures its resilience.

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Credit for this is due to plentiful rainfall, which has brightened farm prospects, a robust services sector and industrial activity that has been uneven but growth-supportive.

Separately, the Asian Development Bank has forecast India's economic growth at 6.5% in 2025-26.

Though this is a tad lower than its April forecast, it's still good under the current circumstances.

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