India's Economy: A Tale of Two Crises The Indian economy has demonstrated remarkable resilience in the face of global turmoil.
During the US Iran conflict, economists noted a "somewhat muted negative reaction" from the Indian economy, despite expected impacts on crude oil prices and their effects on the rupee, foreign investor flows, import bills, and forex.
Key sectors have emerged with fewer than expected scars, as evidenced by the 13. 9% rise in gross Goods and Services Tax (GST) collections to Rs 1. 95 lakh crore, just shy of Rs 2 lakh crore.