Mumbai, June 3 -- India's economy continues to demonstrate resilience despite rising global uncertainty arising from the West Asia conflict and disruptions across energy and logistics channels. Prior to escalated geopolitical tensions, economic activity was robust through the first two months of CY 2026, supported by broad-based strength across both supply and demand indicators.

The Purchasing Managers' Index (PMI) for manufacturing rose to a four-month high of 56.9 in February 2026 while the services PMI stood at 58.1. This indicates sustained expansion across both sectors. Industrial activity was supported by strong performance in domestic demand-driven segments such as steel and cement, with steel production growing by 7.2% and cement...