India's Economy Faces K-Shaped Growth Amid Global Challenges
India's economy is experiencing a K-shaped growth pattern, with sectors like semiconductors, advanced materials, and clean energy showing promise, while household budgets are strained by rising prices and cautious consumer spending. Despite strong banks and capable firms, inflation and fiscal challenges persist. The global economic backdrop is fragile, with slow growth expected by the IMF and World Bank. India aims to convert scientific successes into economic strategy, focusing on private investment and income-supported consumption to create durable prosperity.