India's economic momentum shows signs of recovery after a weak September, with October indicators reflecting growth in retail sales, GST collections, and industrial output. Despite potential trade tariff impacts and global uncertainties, macro stability risks remain manageable, with inflation expected to decelerate and fiscal deficits narrowing. India's GDP growth is projected at 6.5% YoY through FY26-28, positioning it as the world's third-largest economy by 2027, driven by manufacturing, services exports, and digitalization.