India’s GDP growth is projected at 6.5-6.7% for the current fiscal, as tax incentives provided in the Budget are expected to push domestic demand amid an uncertain global trade environment, according to Deloitte’s India Economy Outlook. It estimated India’s GDP growth at 6.3-6.5% for FY25 and said that the economic outlook for FY26 hinges on a delicate balance between evolving trade relations and government efforts to boost domestic consumer demand. Growth this fiscal will be contingent on two opposing forces. The first would be the positive impact of tax incentives aimed at growing consumer spending. The second and opposing force would be the potential negative impact of uncertainty in global trade networks on the Indian economy. The interplay of tax stimulus and trade uncertainties could keep growth between 6.5 and 6.7% in the current fiscal year, said a report.
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