New Delhi: The Indian economy has remained resilient in recent months despite an uncertain global macroeconomic environment, with high-frequency indicators pointing to a broad-based recovery across sectors and a sharp rise in industrial credit signalling a revival in private sector investment, according to a report by Kotak Institutional Equities.
The report said the economy has continued to hold up well despite headwinds from geopolitical tensions in West Asia and weather-related risks, with manufacturing, construction, services, consumption and labour market indicators largely showing steady or improving trends.
