
India’s economy remained resilient in 2025-26 despite global shocks, but risks from geopolitics and volatile capital flows persist, SEBI said in its annual report. Real GDP growth stood at 7.7%, while the…
India’s economy remained resilient in 2025-26 despite global shocks, but risks from geopolitics and volatile capital flows persist, SEBI said in its annual report. Real GDP growth stood at 7.7%, while the fiscal deficit fell from 9.2% to 4.4%, CEA V Anantha Nageswaran told an Assocham event. DEA secretary Anuradha Thakur said private investment is now on a steady trajectory, with project announcements averaging Rs 34.8 lakh crore between 2024 and 2026. However, SEBI noted record FPI equity outflows of $19.7 billion and a 14% decline in the Nifty in dollar terms, warning that crude above $100 could widen the current account deficit.
Two narratives vie for attention: the cheerleading chorus that India is an unstoppable growth story, and the doomsayers who see only foreign outflows and Middle East tension. Both miss the nuance. Official data shows fiscal deficit slashed from 9.2% to 4.4%, private investment rising, and real GDP at 7.7%. But SEBI’s own numbers, $19.7 billion in FPI exits, are a cold shower. Will crude stay above $100? If yes, the current account gap will settle the debate.
Sources (3): livemint.com, thehindubusinessline.com, thehindubusinessline.com (2)
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.