Indian Economy Growth: The Indian economy will grow at the rate of 6.5 to 6.8 percent in the current financial year, while in the next financial year (2025-26) the growth rate of gross domestic product (GDP) will be slightly higher i.e. between 6.7 to 7.3 percent. Deloitte India has made this estimate. Deloitte India economist Rumki Majumdar said that the growth rate in the first half of FY 2024-25 has been lower than expected as domestic demand and exports were affected by heavy rains and geopolitical developments after uncertainties over the elections. He said, however, there are some areas in which India is showing great fighting potential. These include consumption trends or growth of services, increasing share of high-value manufacturing in exports and capital markets.

Deloitte said the government's continued infrastructure development, focus on digitalisation and measures to attract foreign direct investment (FDI) will improve overall efficiency, thereby boosting growth.

"We remain cautiously optimistic and expect the growth rate to be between 6.5 to 6.8 per cent in the current financial year. It will be between 6.7 to 7.3 per cent in the next financial year," Majumdar told PTI. Earlier this month, the Reserve Bank of India (RBI) lowered its growth forecast for the current financial year to 6.6 per cent. In June, the RBI had projected the growth rate to be 7.2 per cent.

Deloitte said that manufacturing exports in high-value segments such as electronics, semiconductors and chemicals reflect India's increasingly strong position in the global value chain. Meanwhile, local capital markets have seen stability due to increased participation of retail and domestic institutional investors. However, in the last two and a half months, foreign institutional investors (FIIs) have sold heavily in the Indian stock markets.