The Reserve Bank of India reduced the repo rate to 5.25% and launched ₹1 lakh crore open market operations to improve liquidity during a period of uneven credit demand. Alongside these measures, the central bank raised the FY26 GDP forecast to 7.3%, citing stronger services activity and resilient domestic consumption. India also pursued expanded trade routes targeting $10 billion in exports to Russia, driven by demand for chemicals, agricultural goods, and pharmaceuticals.