GST reforms, festive push to lift India’s output in H2FY26
India's industrial output slowed to 3% in H1FY26 from 4.1% last year, led by weaker mining and electricity growth, says Bank of Baroda. However, GST rationalisation, festive demand, and easing inflation are expected to drive a rebound in H2FY26. Manufacturing remains resilient, showing signs of recovery and renewed momentum in the economy.