New Delhi, March 29 -- India's economic momentum remained firm through the early part of 2026, but the Finance Ministry's March Monthly Economic Review flags emerging signs of moderation as external shocks, stemming from the West Asia crisis and rising crude prices, begin to filter through the system.

The report notes that "economic activity in India remained robust up to February 2026, with strong performance across both supply- and demand-side indicators," underscoring resilience built on domestic demand, infrastructure expansion, and policy support.

High-frequency indicators reinforced this narrative, with manufacturing and services activity remaining in expansionary territory, while consumption indicators such as vehicle sales and d...