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Growth holds, but don’t lose sight of pain points

The underlying issues that are still plaguing the economy need to be addressed urgently

The underlying issues that are still plaguing the economy need to be addressed urgently.

3 min read Oct 29, 2026 06:00 AM IST First published on: Oct 29, 2026 at 06:00 AM IST

The underlying momentum in the Indian economy appears to be holding up in a challenging global environment. Several agencies have recently upgraded their estimates for India’s growth this year — for instance, ADB and Moody’s raised their forecasts for the year to 7 per cent, and OECD to 7.1 per cent. In the latest State of the Economy report, economists at the RBI have noted that a range of high-frequency indicators across both the industry and services segments indicate that the economy continues to show strength. There are, however, pain points that must not be lost sight of.

GST collections have been healthy.…