Cautious optimism: On India and growth
India’s September-quarter GDP data for the current financial year beat all estimates, coming in at 8.2%, higher than 7.8% in Q1 FY26 and well above the year-ago period. This offers fleeting reassurance to policymakers, days after October’s trade data revealed a historic deficit of $41.68 billion, driven partly by a trebling of bullion imports —…