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Deloitte India has forecasted the country's GDP growth to fall between 6.4% and 6.7% for the current financial year, backed by strong internal demand, policy initiatives, and expanding global trade partnerships. While India's economic landscape continues to stand out in a volatile global environment, the consultancy emphasized the need for caution in navigating trade exposure and geopolitical tensions. Strategic trade agreements under negotiation with the UK, US, and European Union are expected to unlock new avenues for income generation, job creation, and market expansion.
Deloitte India has projected the country's GDP to grow in the range of 6.4% to 6.7% in the ongoing fiscal year, crediting strong domestic demand, declining inflation levels, and progressive policy moves as the primary contributors. This estimate closely aligns with the nation's economic performance in the previous financial year, when growth stood at 6.5%. Advertisement
The firm noted that India continues to be one of the few economies showing consistent momentum amid global economic turbulence. According to Deloitte India economist Rumki Majumdar, the nation's economic strength lies in a robust mix of active capital markets, a youthful and consumption-driven population, and a globally competitive talent pool.
Adding to the positive sentiment is India's growing assertiveness in international trade. The consultancy highlighted that recent and ongoing trade discussions-especially with the UK earlier this year, the US currently, and the much-anticipated deal with the European Union by year-end are set to play a pivotal role in accelerating India's growth story. These agreements are expected to not only boost domestic demand but also expand market access and spur job creation.
Deloitte emphasized that these strategic partnerships are opening doors in critical sectors like digital transformation, artificial intelligence, and innovation-driven startups-areas where India is keen to strengthen its global standing.
However, the firm also cautioned that geopolitical uncertainties, including regional tensions and restrictions on essential resources such as critical minerals and specialized fertilizers, could impact growth momentum. Deloitte urged policymakers to closely track India's trade exposure to mitigate risks and remain adaptable in a rapidly shifting global order.
Despite these challenges, Deloitte maintained that India's trajectory remains optimistic, driven by what it called a "virtuous trifecta" of internal strengths and global opportunities. The firm's outlook suggests that while the external environment remains unpredictable, India's growth potential is firmly anchored in resilient economic fundamentals.
Source PTI
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