India’s robust economic engine is expected to hum at 6.8-7.2% growth in FY 2026-27, per EY’s insightful analysis. Bilateral trade wins and reform buffers against American tariffs fuel this forecast.
EY India’s DK Srivastava points to trade agreements as game-changers for sustained prosperity. ‘These pacts elevate India’s global standing and growth potential,’ he asserted.
The ‘Developed India 2047’ dream hinges on tax-to-GDP uplift via compliance, post major reforms. Recent income tax and GST adjustments aim to empower consumers, though at a cost to state revenues.
FY 2026 collections might undershoot, yet deficit goals hold firm at 4.3% of GDP for 2026-27, trimming from 4.4%.
Sitharaman’s vision, voiced in her budget, marries growth with prudence: net borrowings at ₹11.7 lakh crore, gross at ₹17.2 lakh crore. This blueprint ensures India’s economy thrives amid challenges.