Deloitte India projects India’s GDP growth for FY2026-27 at 6.5% to 6.8%, expecting momentum to improve in the second half of the fiscal year. In its Economic Outlook report, Deloitte says growth is supported by festive demand, monetary easing, and a gradual stabilization of global conditions. While the firm anticipates a mid-year recovery, it also points to external uncertainties shaping near-term outcomes. Deloitte describes India’s position as a “Goldilocks” phase in early 2026, with macro fundamentals balanced, but notes that geopolitical tensions in the Middle East disrupt shipping routes. It says this increases volatility in commodity prices and weakens investor sentiment. The report links these developments to a wider trade deficit, sustained capital outflows, and a sharp depreciation of the rupee versus the US dollar over a short period. The Business Standard report also says the RBI recently lowered its GDP growth estimate for the current fiscal to 6.6%, down from 6.9% earlier, placing Deloitte’s forecast in the context of revised expectations for overall growth.