AMIDST CONTINUOUS SHIFTS IN TRADE POLICIES AND GLOBAL UNCERTAINTIES, INDIA’S EQUITY MARKETS EXHIBITED MEASURED YET RESILIENT PERFORMANCE: ECONOMIC SURVEY 2025-26

• Economic Survey 2025-26 (Ministry of Finance, DEA) assessment of Indian capital markets: equities held up "measured yet resilient" despite global trade-policy churn and geopolitical stress.
• Headline read-through: retailisation of Indian markets (demat, SIP, MF), buoyant primary market, and a major regulatory consolidation via the Securities Markets Code, 2025.
• UPSC relevance: GS-III (Indian Economy — capital markets, mobilisation of resources, financial inclusion); recurring Prelims hooks on SEBI initiatives, demat/SIP numbers, and corporate bond market.