Deloitte Sees India Growing Above 7% in FY27 as Private Investment Rebounds
What Happened
Deloitte India has projected India’s GDP growth at 7.1%-7.3% in FY27, citing resilient domestic demand, continued public infrastructure spending, and a potential revival in private investment. The firm highlighted that gross fixed capital formation grew 11.9% in the first quarter of FY27, its fastest pace in four years. Deloitte said stronger corporate balance sheets, higher capacity utilization, and improved connectivity are creating favorable conditions for businesses to increase capital expenditure.
Key Takeaways
The forecast suggests India’s growth could become more investment-driven after years in which consumption and government-led infrastructure spending were the main engines. However, Deloitte cautioned that geopolitical tensions, energy-price volatility, and global trade disruptions remain risks to the outlook.