New Delhi: India's economy has once again reassured the world. While the country's economy grew at a rapid pace of 8.2% in the last financial year, now the well-known accounting and consultancy firm Deloitte has estimated that India's economy will grow at a rate of around 7% in the financial year 2024-25. Deloitte says that even in the financial year 2025-26, the growth rate will be around 6.7%, which shows better performance than the rest of the world.

Inflation under control, demand increased in rural areas.

Deloitte South Asia CEO Romal Shetty believes that inflation in India is now under control. Demand has started increasing especially in rural areas. Along with this, vehicle sales are also increasing. On this basis, the growth rate for 2024-25 is expected to be around 7%. However, the ongoing conflict in the Middle East and Ukraine and the economic slowdown in Western countries may also have some impact on India's GDP growth.

Will soon become the world's third-largest economy

According to Romal Shetty, the government formed for the third time under the leadership of Prime Minister Narendra Modi is rapidly advancing privatization and economic reforms. Every department of the government is trying to complete all the work quickly. Currently, India is the fifth largest economy in the world, but in the next decade, it will become the third largest economy in the world. Low prices of crude oil and a reduction in interest rates by the US Federal Reserve have made the way forward easier for India.