India's manufacturing sector appears to be weathering the turbulence of global conflicts, with recent data suggesting a degree of resilience in factory activity.
This comes as the country's economic model, which has increasingly focused on reducing imports and boosting domestic production, continues to draw attention from analysts and policymakers.
Bloomberg reports that while geopolitical tensions persist, India's industrial output has not shown signs of significant disruption.
This is in contrast to other regions where war-related uncertainties have had a more pronounced impact on economic activity.
The hospitality sector, in particular, has seen a boost as Prime Minister Narendra Modi's recent call for citizens to limit foreign travel during the festive season has redirected demand toward domestic tourism.
Economists are closely watching how consumer behavior evolves, as it could play a pivotal role in determining the broader economic outlook.