Written by: Sajjid Chinoy6 min readAug 29, 2026 07:08 AM IST First published on: Aug 29, 2026 at 06:40 AM ISTThe macro news over the next week will elicit some cheer. The final tally on the subsidised FCNR flows, a stop-gap measure to buy time on the external front, is expected to be impressive. More importantly, India’s GDP growth for last quarter could print as high as 8 per cent, bucking fears the economy was dented by the Middle East conflict. Strong high-frequency data — autos, credit, exports and corporate earnings — have been presaging this outcome for a while.Three factors explain the pick-up and resilience through the conflict.