India likely to clock 7% growth in FY25 despite headwinds: Deloitte

Deloitte projects that India will achieve a 7% GDP growth rate in FY25, despite facing global economic headwinds. The report highlights that inflation is under control, rural demand is rising, and vehicle sales are improving. These factors contribute to a positive economic outlook for India. The Indian economy, which grew by 8.2% in the previous fiscal year, is expected to continue its robust performance. Deloitte's South Asia CEO, Romal Shetty, emphasized that India's economic fundamentals remain strong, with ongoing reforms and a focus on technology in agriculture and other sectors. The report also notes that India is on track to become a $5 trillion economy within this decade, driven by strong domestic demand and strategic economic policies.