Economic Growth Forecast for FY25

In a recent analysis, Deloitte has projected that the economy will experience a growth rate of 6.5-6.8% in the fiscal year 2025. This optimistic forecast is attributed to a boost in consumption, setting a positive tone for the country's economic outlook.

Challenges in the First Half of FY25

According to Deloitte India economist Rumki Majumdar, the initial half of FY25 faced slower growth than anticipated. Factors such as election uncertainties, severe weather conditions, and geopolitical tensions have adversely affected demand and exports, contributing to this deceleration.

Looking Ahead to FY26

Looking forward, Deloitte anticipates an even stronger growth rate of 6.7-7.3% in FY26. This projection suggests a resilient recovery and a promising horizon for the economy, driven by sustained consumption and potential improvements in global conditions.