Deloitte optimistic on India's growth but cautions on inflation

Deloitte said the manufacturing sector remained robust, rising 8.6% on a three-month moving average in Feb, against 9.1% in Jan

Deloitte has projected India’s economy to grow by 7.2 per cent in 2018-19, on the back of gradual recovery in industrial production and in agriculture  due to a normal monsoon. 

The economy was officially projected to have grown 6.6 per cent in FY18, in the second advance estimate. 

In its India Economic Outlook Report 2018, the consultancy firm, however, cautioned that increasing inflationary pressure, a widening fiscal deficit and rising debt could pose challenges. 

Deloitte said the manufacturing sector remained robust, rising 8.6 per cent on a three-month moving average in February, against 9.1 per cent in January. This reflected  rising consumption demand,