India's Goldilocks Economy Offers Stability Amid Global Volatility

India's economy is entering a Goldilocks phase, characterized by high growth and low inflation. The country's Consumer Price Index is at 1.33%, significantly below the RBI's target of 4%. The IMF and OECD project India's GDP to grow by approximately 6.7% for FY2026. The RBI has cut the repo rate to 5.25%, which is expected to boost equity prices. Investors can access this macroeconomic story through the iShares MSCI India ETF, which tracks the MSCI India Index and is heavily weighted towards the financial sector.