Deloitte Projects Robust Economic Growth for India Amid Global Opportunities

Deloitte India has projected a promising growth rate of 6.4-6.7% for the nation's economy in the current fiscal year. This optimistic outlook is supported by strong domestic fundamentals and broadening global opportunities.

The consultancy firm emphasizes that India should remain vigilant about its trade exposure and the potential impacts of geopolitical uncertainties. Strategic trade negotiations, such as those with the UK scheduled for May and ongoing discussions with the US, along with the anticipated deal with the European Union, are poised to significantly boost income, employment, market access, and domestic demand.

The economic growth for the fiscal year 2024-25 was recorded at 6.5%, and Deloitte projects a similar trajectory of 6.4-6.7% for 2025-26. This growth is driven by robust domestic demand, easing inflation, and bold steps in domestic policy and global trade diplomacy.

(With inputs from agencies.)