Deloitte’s latest economic outlook projects 6.8% GDP growth for FY26, driven by continued infrastructure spending and a revival in manufacturing activity, even as global trade wars and geopolitical uncertainties persist.
The report highlights that Bharat’s growth momentum remains resilient due to strong public capex, improved balance sheets, and policy support for domestic manufacturing.
Key Takeaways
- FY26 GDP growth forecast: 6.8%
- Growth drivers: Infrastructure push, manufacturing revival
- Global risk: Ongoing trade wars and external volatility
- MSME impact: Positive outlook due to policy support
What It Means for MSMEs
Deloitte notes that MSMEs are likely to be key beneficiaries in FY26, particularly due to eased FDI norms in sunrise sectors such as:
- Artificial Intelligence (AI)
- Renewable energy
- Clean-tech and advanced manufacturing
Improved access to foreign capital and technology is expected to help MSMEs scale operations, adopt new technologies, and integrate into global value chains, even as external trade conditions remain challenging.
MSME Times View
The outlook reinforces a clear message: while global headwinds persist, Bharat’s domestic growth engines remain strong. For MSMEs, FY26 could offer meaningful opportunities—provided policy execution and credit flow remain consistent.
— MSME Times | Policy & Economy
