Economy to grow at 6.5-6.8% in FY25: Deloitte

Deloitte India on Tuesday projected India's GDP to grow at 6.5-6.8% in the current fiscal and said India will have to adapt to the evolving global landscape and harness its domestic strengths to drive sustainable growth.

- Press Trust of India

NEW DELHI:

In its Economic Outlook report, Deloitte India also said the country needs to decouple from global uncertainties and harness its domestic potential.

Despite global and domestic challenges, India is moving up the global value chains, as highlighted by the rising share of high-value manufacturing exports, particularly in electronics and machinery and equipment.

Deloitte India, in its latest Economic Outlook, has revised its annual GDP growth projection for FY2024-25 to 6.5-6.8%, with expectations for 6.7-7.3% in the following year. The adjustment reflects the need for cautious optimism as the economy navigates rising global trade and investment uncertainties.

In its Economic Outlook report in October, Deloitte India had projected the country's economic growth higher at 7-7.2% for the current fiscal.