Deloitte India on Thursday revised its GDP growth forecast for FY2025-26 upward to 6.8%, citing robust domestic demand, steady policy reforms, and accommodative monetary conditions.

The upgrade of 0.3 percentage points follows India’s 7.8% GDP growth in the first quarter of the current fiscal year, reflecting the country’s economic resilience and sustained recovery momentum.

“This performance signals not just resilience but a renewed sense of India emerging stronger than most nations,” Deloitte noted in its India Economic Outlook report. The consultancy expects growth to remain strong next year, though global trade and investment uncertainties could introduce some variability.

According to Deloitte economist Rumki Majumdar, festive season spending and rising private investment will boost growth, while potential trade deals with the US and EU could further lift investor sentiment.

The report also highlighted rural optimism, citing a consumer confidence index above 100 and improved crop output expected to support farm incomes. However, it cautioned that global headwinds and delays in trade negotiations could pose downside risks.

The latest revision follows the Reserve Bank of India’s similar upgrade of its FY2025-26 growth projection to 6.8%, underscoring broad optimism about India’s economic outlook.