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Deloitte projects India GDP growth at 7.1-7.3% in FY27
The Hindu BusinessLine··1d ago
Deloitte India said on Friday the Indian economy is expected to grow by 7.1-7.3 percent in the current fiscal. The outlook cites a sustained revival in private investment as an added demand source. Economist Rumki Majumdar said gross fixed capital formation grew by 11.9 percent in the first quarter of FY 2026-27. That was its fastest expansion in four years.
Prism
What It Means For You
- A stronger private capex cycle would shape hiring and order books in semiconductors, electronics, defence and clean energy.
- Household spending remains the decade-long base of growth in Deloitte's account of recent Indian expansion.
- Trade disruptions and energy-price swings are listed as risks that could revise the same FY27 band.
What's Happening
- Deloitte Economic Outlook put FY 2026-27 growth at 7.1-7.3 percent and FY 2027-28 at 6.6-7.0 percent.
- Majumdar said businesses now have better connectivity, healthier balance sheets and higher capacity utilisation.
- The firm compared its FY27 band with 7.1 percent from the RBI and OECD and 7 percent from the IMF and others.
What The Capex Numbers Show
- Gross fixed capital formation's 11.9 percent first-quarter rise was the fastest in four years, Majumdar said.
- Strategic sectors named include semiconductors, electronics, defence manufacturing, clean energy and AI infrastructure.
- Geopolitical tensions, volatile energy prices and trade disruptions remain listed downside risks.
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