New Delhi, Jan 14 (UNI) India is likely to record a GDP growth of 7.5–7.8 percent in the current financial year (FY2025-26), supported by strong festive demand and robust performance in the services sector, Deloitte India said on Wednesday.
Growth is expected to moderate to 6.6–6.9 percent in FY2026-27, reflecting a high base and continued global uncertainties.
In its outlook, Deloitte said, “2025 will be remembered as a year of resilience for India’s domestic demand, marked by decisive reforms in fiscal, monetary, and labour policies, along with a recalibration of trade strategies amid a challenging global environment.”
India’s real GDP grew 8 percent during the first half of FY26 (April–September) despite global headwinds such as trade disruptions, policy shifts in advanced economies, and volatile capital flows.
Deloitte noted that early signs of external risks in 2025, including unpredictable trade policies, geopolitical tensions, and slowing growth among major trading partners, prompted timely policy intervention.
Measures such as tax exemptions, policy rate cuts, and GST rationalisation were introduced to stimulate demand, while favourable inflation trends provided additional support to economic activity.
On the trade front, India undertook significant recalibration efforts. The country signed key free trade agreements with the UK, New Zealand, and Oman, initiated negotiations with Israel, and operationalised the EFTA trade deal in 2025, aimed at export diversification.
India also strengthened trade and investment engagement with emerging economies across Asia, Africa, and the Middle East, aligning with the broader Global South shift, Deloitte said.
