India's Economic Growth: From Challenges to Opportunities

India's economy is projected to grow at 6.5-6.8% this fiscal, with domestic consumption and FDI as main drivers. Challenges include geopolitical tensions and climate change. Emphasis on digitisation and infrastructure could enhance growth. India aims for self-reliance and global integration in manufacturing and services sectors.

India's economic growth is expected to hover between 6.5% and 6.8% this fiscal, according to Deloitte, with a marginal increase projected for FY2026. Domestic consumption, coupled with strategic infrastructure and FDI, will serve as pivotal factors driving this expansion.

Despite economic resilience in sectors like high-value manufacturing exports and services, India faces challenges such as geopolitical tensions, trade disruptions, and climate change. The Reserve Bank's recent growth forecast reflects a cautious approach amid global uncertainties.

Strategic focus on self-reliant manufacturing, workforce development, and enhancements in digitisation will be vital. The upcoming budget will be critical in outlining India's path forward, potentially impacting its competitive advantage in global markets.

(With inputs from agencies.)