The test ahead is whether private enterprise, local governments and institutions can fully exploit it. India’s economic story over the past decade is often told through quarterly GDP prints. The economy has transitioned from a fragile one to one anchored in capital expenditure, digital rails, and institutional resilience. Payroll data show about 2 million net additions per month in recent years, a clear sign that digitisation and tax reforms are nudging firms into the formal net. The rise in female labour force participation to nearly 40 per cent is encouraging, but much of this is still in low-paying or unpaid work.