India’s economy continues to show signs of strength amid headwinds, with services and consumption sectors driving growth even as manufacturing experiences softness. Recent data point to stable retail demand and investment momentum supporting the outlook. Economists highlight that although external demand is softening, domestic structural factors—urbanisation, digital adoption and policy incentives—are helping buffer the downturn. Given this backdrop, corporate earnings in India are expected to hold up better than many peers, though risks around inflation and global trade tensions remain salient.