Indian economy will grow at a growth rate of 7.5 to 7.8% in the current financial year, Deloitte estimates.
New Delhi, PT. Deloitte has released its report on India's economy for the current financial year. According to its report, the growth rate of the Indian economy will be 7.5 to 7.8 percent (India GDP Growth Rate) in the current financial year. At the same time, it is expected to grow at the rate of 6.6 to 6.9 percent in 2026-27.
Deloitte said that for India, 2025 will be remembered as a year of domestic demand mobilization, decisive reforms in fiscal, monetary and labor policies and readjustment in trade policies.
In the first half (April-September) of the current financial year 2025-26, real gross domestic product (India GDP) grew by eight percent based on the base year 2011-12. Despite this, global challenges such as trade disruptions, policy changes in developed economies and volatile capital flows existed.
Deloitte India expects the GDP growth rate to be 7.5 to 7.8 percent (India GDP Growth Rate) in the financial year 2025-26 due to festive demand and strong activities in services.
Apart from this, the company said in the statement that due to the persistence of high base and global uncertainties, the growth rate may decline to 6.6 to 6.9 percent in the financial year 2026-27.
"India's strength is no coincidence"
Rumki Majumdar, economist at Deloitte India, said, "India's strength is no coincidence. It is the result of pro-growth policies adopted over a long period of time."
"India's resilience is no coincidence. It is the result of consistently pro-growth policies," said Rumki Majumdar, economist at Deloitte India.
He further said, “Once the demand side measures are largely done, the policy focus in 2026 will shift to supply-side reforms, with a focus on MSMEs, and developing tier-2 and tier-3 cities as new engines of growth.”
Government took big steps to deal with external risks
As early as 2025, signals from external risks such as unpredictable trade policies, geopolitical tensions and slowing growth among key partners have forced decisive action, according to the Deloitte report.
Policy makers introduced tax breaks, cut policy rates and simplified GST to boost demand. Deloitte said the economy was boosted by favorable inflation trends, while trade reforms through several FTAs boosted exports.
A major change was also seen in trade diplomacy. India signed important agreements with the UK, New Zealand, Oman and started talks with Israel, while the EFTA deal comes into force in 2025, all aimed at diversifying exports.