But is this real resilience… or just delayed pain? Analysts once called this a ‘Goldilocks’ moment; growth just right, inflation just right. Then came the war. Oil prices surged, El Niño threatened crops, and foreign investors got nervous. Most expected GDP to dip below 7%, inflation to jump to 6%. It didn’t happen. Why? Three quiet moves: 1) RBI cut interest rates early; cheaper loans boosted spending. 2) GST cuts gave people more cash to spend. 3) US tariffs were dropped; exports boomed. Even manufacturers rushed to produce, fearing energy shortages. But there’s a catch. This stability is built on credit expansion, not organic demand. If global markets turn, if oil spikes again, or if loan defaults rise; the ‘Goldilocks’ story could end fast. So… is India really bulletproof? Or just buying time?