Deloitte India has forecasted a GDP growth rate of 6.7% to 6.9% for India in the current fiscal year, with an average projection of 6.8%. This upward revision from the previous forecasts reflects continued strength in domestic demand, stable investment flows, and the positive effects of policy reforms across key sectors.
The Reserve Bank of India (RBI) has shared a similarly optimistic outlook, projecting 6.8% growth for FY26. The central bank attributes this to moderate inflation, which is expected to support household consumption, and a steady flow of credit to industry and infrastructure projects. Both Deloitte and the RBI, however, note that global trade uncertainties and external economic shocks remain potential risks that could affect growth trajectories.
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Deloitte’s report highlights that India’s manufacturing and services sectors are expected to drive much of the growth, supported by rising domestic demand, increased industrial output, and ongoing investments in infrastructure. Sectors such as information technology, financial services, and renewable energy continue to show resilience, contributing to overall economic stability. The report also notes that government initiatives to improve the ease of doing business, streamline taxation, and incentivise investment have strengthened investor confidence, encouraging both domestic and foreign investments.
On the consumption front, household spending is anticipated to remain a key driver, aided by stable inflation and higher disposable incomes. Exports are expected to maintain steady growth, though Deloitte and the RBI advise caution given potential fluctuations in global commodity prices and external demand conditions. The report underscores the importance of continued policy support, fiscal prudence, and strategic investment in infrastructure to sustain this projected growth rate.
The government’s continued emphasis on infrastructure development and policy reforms aimed at improving ease of doing business is expected to support economic activity in the coming fiscal year.
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