Deloitte projects Indian economy to grow 7-7.2% in FY25
Deloitte India retained its growth forecast for India at 7-7.2% for the current fiscal year 2024-25, noting that the economy had expanded by 8.2% in FY 2024. The company attributed this growth to domestic factors such as moderating inflation, particularly in food items, improved rainfall and record Kharif production, increased government spending in the latter half of the year, and rising manufacturing investments, all of which were expected to contribute positively to the country's economic outlook. Rumki Majumdar, an Economist at Deloitte India, stated that higher capital inflows following ..