New Delhi, July 29 -- India's economy has remained resilient despite the ongoing Middle East crisis and broader global uncertainties, supported by strong services activity, industrial growth, exports, bank credit expansion and a recovery in public capital expenditure, according to a report by Ernst & Young (EY).

The report said recent high-frequency indicators suggest domestic growth momentum remained intact during the first quarter of FY27 even as geopolitical developments weighed on the global economic environment.

"Utilizing available information, we consider India's 1QFY27 growth prospects to be quite robust in spite of the crisis in Middle East," the report said.

According to EY, the Centre's capital expenditure grew 13.4 per cent...