New Delhi, Jan. 14 -- India is poised for a relatively stable growth trajectory in FY26, supported by resilient domestic demand, government-led capital expenditure, and easing inflationary pressures, even as global uncertainties continue to cloud the outlook, according to SBI Capital Markets' latest EcoCapsule report.
It projects India's real GDP growth at 7.4 per cent year-on-year in FY26, driven by strong consumption and sustained public capex.
The rural demand has received a boost from favourable monsoons and tax reforms, while government capital spending has risen sharply up 28 percent year-on-year in the first eight months of FY26, with roads and railways leading the push.
Globally, growth has proven more resilient than initially fe...