Q4FY26 and FY26 both delivered positive surprises, with the economy blazing ahead despite a rear-ended bazooka. Driving the growth were the Government’s continued focus on infrastructure development, and its reforms to stimulate private consumption in H2FY26. The economy has entered FY27 on an uneven footing due to the prolonged War situation. The Report decomposes the growth drivers in FY26, and analyses if they will sustain in FY27.
