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India GDP Outlook: Growth Seen Above 7% As Consumption & Investment Pick Up

India GDP Outlook: Growth Seen Above 7% As Consumption & Investment Pick Up

Sakshi Batra
Sakshi Batra
  • New Delhi,
  • Oct 7, 2026,
  • Updated Oct 7, 2026, 1:32 PM IST

India’s growth outlook remains positive, with strong consumption and improving high-frequency indicators pointing to a pickup in private investment. The economy could grow around 7.2% in FY27, potentially exceeding the RBI’s forecast. Rumki Majumdar, Economist, Deloitte, says stronger investment could support overall GDP growth, while inflation may remain around 5.5% for the fiscal year. However, persistently high oil prices above $90 could create further upside risks to inflation. The discussion also looks at the divergence between the RBI’s GDP and inflation projections and what stronger growth alongside elevated inflation could mean for the Indian economy and monetary policy.