Deloitte pegs India FY27 gdp at 6.5-6.8%
New Delhi, July 20 -- Deloitte India on Sunday projected India's economy to grow at 6.5-6.8% in the current fiscal, with growth expected to strengthen in the second half of the year supported by festive demand, monetary easing, and a gradual stabilisation in global conditions.
In its latest edition of Economic Outlook report, Deloitte said India entered 2026 in a Goldilocks phase, with macroeconomic fundamentals appearing unusually well balanced, but geopolitical developments altered the global landscape with tensions in the Middle East disrupting critical shipping routes, triggering volatility in commodity prices and weakening investor sentiment.
This resulted in a wider trade deficit, capital outflows, and a sharp depreciation of the rupee against the US dollar within a matter of weeks.
Against this backdrop, the RBI had last month lowered India's GDP growth estimates for current fiscal to 6.6%, from 6.9% estimated earlier. GDP grew 7.7% in FY26.
Deloitte India economist, Rumki Majumdar said the global environment has become considerably more uncertain.htc...
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