New Delhi, April 29 -- India is expected to withstand global economic shocks despite rising uncertainty due to its strong macroeconomic fundamentals, according to a report by Bank of Baroda.

The report noted that global headwinds such as a slowdown in the world economy and geopolitical uncertainty could impact India's exports, disrupt supply chains, and lead to higher commodity prices.

However, it said, "Despite this downside risk, India should be able to withstand the shock on the back of strong macro-fundamentals".

On the domestic front, industrial activity is expected to remain steady in the coming quarters, supported by government spending and investment. The report said high-frequency indicators are pointing towards an improvement...