18 February 2026 Emerging Asia Monitor India's most recent deficit blowout should still be a non-issue for INR

We think GDP rose by around 3½% in Q4, with consumers’ spending up about 2½%.
AI-linked capex probably continued to surge, while net trade and inventories also made solid contributions.
The recent pace of growth, however, looks unsustainable; we expect a slowdown in 2026.

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