India’s 7.4 per cent GDP growth in the final quarter of the 2024-25 fiscal year is more than just a statistical surprise ~ it is a testament to the economy’s underlying resilience at a time when global growth remains tentative and fragmented. At a moment when advanced economies are navigating stagnation and major emerging markets like China are struggling to rekindle momentum, India’s growth trajectory appears both exceptional and sustainable, albeit not without its own challenges. The sharp uptick, driven largely by manufacturing and construction, suggests that India’s growth is not only consumption-led but increasingly anchored in productive capacity building.

This is a welcome shift. For too long, economic performance in India has leaned heavily on services and consumer demand, often ignoring the structural uplift that manufacturing and infrastructure investment can provide. The 10.8 per cent surge in construction and the 4.8 per cent expansion in........

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