India’s Economic Outlook
October 2022
A focus on the trends in India's labour market
Persistent inflation has challenged policymakers over the last six months—particularly in the length of time between policy changes and results. So volatile is the current economic environment that it is unlikely for a consistent outlook to emerge from recent data releases. Amidst uncertainties, Deloitte has come up with its forecasts for this year and the next. While the outlook remains cautiously optimistic, the path to sustained recovery is going to be lengthier than we had expected at the beginning of the year and will be contingent on the revival of the global economy and improving economic fundamentals.
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India will likely post a 6.8%–7.1% growth during FY22–23, provided global uncertainties and inflation don’t weigh on domestic demand and investment sentiment in the near term
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