Deloitte India projected India's economic growth at 6.4-6.7 percent in the current fiscal year, citing strong domestic fundamentals and expanding global opportunities.
It, however, stated that India must monitor its trade exposure and be prepared for the consequences of geopolitical uncertainties.
Key Highlights
- Deloitte forecasts India’s FY26 GDP at 6.5–6.7%, driven by robust domestic demand stimulus.
- Tax incentives boost middle-class consumption, while global trade uncertainties may dent growth by 0.1–0.3%.
Strategic trade negotiations, particularly those with the United Kingdom in May and ongoing talks with the United States, as well as the highly anticipated agreement with the European Union by the end of the year, are expected to be powerful multipliers of income, jobs, market access, and domestic demand.
India's economic growth rate was 6.5 percent in 2024-25.
Deloitte predicts 6.4-6.7 percent growth in FY 2025-26, driven by resilient domestic demand, easing inflation, and a bold push in domestic policy and global trade diplomacy.
Also Read: India Records 7.4% GDP Growth in Q4 FY25; Annual Growth Estimated at 6.5%
"India's economic trajectory stands out in a turbulent global environment. Rumki Majumdar, Economist at Deloitte India, stated, "Our momentum is driven by a virtuous trifecta: resilient capital markets, a dynamic consumer base, and a globally competitive workforce."
The consultancy firm added that India is taking strategic steps to increase its global trade presence.
Recent trade agreements provide a strategic advantage: they are likely to strengthen bilateral cooperation in areas such as artificial intelligence, digital transformation, and innovation-led startups.
"As FY 2025-26 unfolds, India must monitor its trade exposure and be prepared for the outcomes of geopolitical uncertainties," the accounting firm said. The recent regional conflict, as well as restrictions on critical minerals and specialised fertilisers, are expected to have an impact on growth prospects.
"India's growth story will be driven by a combination of strong domestic fundamentals and expanding global opportunities, despite uncertainties," it said.
