India shifts gears – Policy tailwinds set stage for reacceleration

India’s economic narrative is shifting—again. And this time, with more conviction.

GDP data for the fourth quarter of fiscal year 2025 (ending March 2025) came in ahead of expectations, reinforcing our core thesis: India is entering a new phase of cyclical acceleration. But this is not just a story of one quarter’s growth. It’s a sign of a broader inflection—across GDP, corporate earnings, credit, and liquidity—fueled by a decisive pivot in policymaking.