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Budget 2026: A look into how Indias manufacturing & services sector is performing before Feb 1 announcements

India's business activity remains strong despite global headwinds, with services sector accelerating while manufacturing moderates. US tariffs and waning festive demand impacted factory output, yet robust domestic demand fueled services growth. Despite a dip in export orders and overall business optimism, the economy shows resilience, with upcoming budget decisions crucial for future growth.