New Delhi [India], November 13 (ANI): A challenging external environment coupled with the continuing impact of tariffs is expected to keep future growth estimates subdued, according to a report by SBI Mutual Fund.

However, the report stated that high-frequency indicators during the festive season have painted a more optimistic picture, especially with strong demand seen in high-value discretionary items such as automobiles and household appliances.

It stated "A challenging external environment coupled with the impact of tariffs was expected to keep future growth estimates subdued, however high frequency data for festive season... looks promising"

Financing activity in these segments has also remained robust, pointing to resilient consumer sentiment despite global headwinds.

The report

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