India's economy is experiencing a 'goldilocks period' characterized by high growth and low inflation, with real GDP reaching 8.2% in Q2 2025-26 and retail inflation falling below 2%. The nation has become the world's fourth-largest economy, surpassing Japan, and is projected to become third-largest by 2030. The government is updating national accounts methodology and plans further reforms to boost investment. Despite some currency pressures, the economy shows resilience amid global uncertainty, driven by domestic demand and a revival in manufacturing and services.