The global economy remains resilient despite rising uncertainties and escalation in geopolitical conflicts which are causing frequent disruptions. The enduring strength however is fraught with divergent growth; US economy continues to repel recession fears, in sharp contrast to stagnant growth in other advanced economies, mainly in the Euro zone and UK. China’s economy remains engulfed by the downturn in its property sector, while low consumer sentiment kept domestic demand subdued. This has resulted in global growth of 3.2% in 2023 remaining below the historical average of 3.8%. Amidst such a challenging global scenario, the Indian economy is a beacon of progress, growing at an average of around 8% in the post-pandemic period and positioned to move from being the 5th to the 3rd largest economy globally in the near term. It is backed by sustained consumption and investment demand, reaffirming its position as a standout performer. This resilience is reflected in the constant upgradation of India’s GDP growth outlook by global agencies. India’s proactive stance on reform and investment in sustainable growth avenues sets a benchmark for other emerging economies.