Deloitte expects India to grow at 7-7.2 per cent in FY25, followed by 6.5-6.8 per cent in FY26, slightly lower than estimated earlier.
Growth is likely to pick up, driven by rising consumer spending, especially in rural India, as inflation subsides, and agricultural output improves after favourable monsoon conditions.
Slowing global trade and supply chain disruptions will affect export demand.