Summary:

Deloitte predicts India’s economy will grow by 6.5% to 6.8% this fiscal year, increasing to 6.7% to 7.3% in FY2026, driven by domestic consumption. Growth in fiscal 2025 was slower due to election uncertainties, rainfall, and geopolitical disruptions. Despite these, India shows resilience in consumption, services, and high-value manufacturing exports. The government’s focus on infrastructure, digitization, and FDI is expected to boost economic growth and efficiency.

Looking ahead, Majumdar emphasized that India's progress will depend on managing global risks such as geopolitical conflicts and supply chain disruptions. She highlighted the importance of focusing on local assets such as the demographic dividend and a self-sufficient industrial sector. India can seize opportunities by developing digital services and integrating into global value chains. The upcoming budget will significantly influence strategic investments, policy initiatives, and workforce development.

Source: IBEF

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