New Delhi, April 3 -- As the world braces for the impact of US tariffs, it's a relief that India's economy appears to be doing well. Survey findings released on Wednesday show the manufacturing purchasing manager's index having scaled a nine-month high of 58.1 in March. This reading was 56.3 in February.

Meanwhile, India's goods and services tax revenue climbed to an 11-month high of Rs.1.96 trillion last month. Overall, these mark an encouraging close to 2024-25.

Despite a rebound to 6.2% in India's output growth in the third quarter of that fiscal year from 5.6% in the preceding three months, the pace of expansion is underwhelming for an economy aspiring to join the developed world. It'll be some time before the impact of America's po...