India's GDP To Grow Between 6.8-7.2% In FY27, Forecasts EY Economy Watch

According to the latest EY Economy Watch report, India's GDP is projected to grow between 6.8% and 7.2% in the fiscal year 2026-27. This optimistic forecast comes in the wake of significant tax reforms introduced in the current fiscal year, particularly focusing on personal income tax (PIT) and the Goods and Services Tax (GST). These reforms are expected to enhance consumer spending and boost overall economic activity, positioning India as a resilient player in the global economy. Despite global economic uncertainties, analysts remain hopeful that these structural changes will facilitate sustained growth. The report underlines the importance of continued policy innovation and investment in infrastructure to maintain this growth trajectory, highlighting the government's commitment to economic revitalization and fiscal prudence. As India navigates post-pandemic recovery, the emphasis on reformative measures is seen as crucial for achieving long-term growth objectives.