India’s economy is expected to maintain steady growth in the second half of the current financial year (H2 FY26), supported by strong domestic consumption despite global uncertainties, according to a report by SBI Capital Markets (SBICAPS).

The report said that while trade tensions and high tariffs continue to challenge global growth, India’s internal demand remains a key stabilising force.

With the United States imposing steep 50 per cent tariffs on Indian exports, policymakers are increasingly focusing on boosting domestic growth drivers.

Both the central and state governments have stepped up capital spending in FY26 so far, which is expected to reflect in higher investment levels across the economy.

Recognising the importance of domestic consumption, recent GST rate changes were ali

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