India's GDP to hit 6.8-7.2% in FY27, says EY Economy Watch

• EY Economy Watch predicts India's GDP growth between 6.8-7.2 percent in FY27.
• Achieving Viksit Bharat by 2047 requires increased tax-GDP ratio, primarily through improved tax compliance.
• India's medium-term prospects are brightened by extensive bilateral trade agreements.
• Major tax reforms in PIT and GST in the current fiscal aimed to boost household disposable incomes and private consumption.
• Despite revenue forgone from tax reforms, the GoI is expected to meet its FY26 fiscal deficit target.