There is an atmosphere of uncertainty in the global economy due to tariff wars and weak consumer sentiment around the world. But in this environment, the Indian economy is showing strength. According to the Reserve Bank of India’s ‘State of the Economy’ report for the month of April, many indicators related to India’s industrial and services sectors are growing at a good pace in April as well.
The report said that the domestic stock market had weakened slightly in early April due to news related to US tariffs. But the stock market saw a good recovery as soon as the US temporarily suspended some of its tax decisions and Indian banking and finance companies showed good results in the January-March quarter. The picture of the global economy is still unclear as policy changes are taking place across the world and many risks still remain. But the report expresses cautious optimism about the situation in India. Citing the latest IMF report published in April 2025, it has been said that India will remain the world’s fastest growing major economy in 2025 and could overtake Japan to become the world’s fourth largest economy this year.
