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India’s domestic consumption set to cushion growth in H2 FY26: SBICAPS report
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SBICAPS expects India’s H2 FY26 growth to hold up, backed by consumption, festive demand and cap-ex despite export headwinds.
A report by SBI Capital Markets (SBICAPS) notes that India’s economic growth in the second half of FY26 is likely to remain steady, supported by strong domestic consumption, government capital expenditure and festive-season demand. Despite global trade headwinds and tariff pressures, the internal-demand engine is viewed as providing resilience. The report points out that both urban and rural markets are showing strength and that infrastructure spending is rising. Analysts say the main risk is export weakness, but the internal momentum may offset it for now.