Despite rising global trade tensions and a slowing international economy, India's economy may expand by 6.5 per cent in this fiscal, backed by falling crude oil prices and manageable inflation levels, a latest EY report said. Four key factors were outlined shaping India's growth outlook: reduced exports, a global slowdown, declining crude oil prices and a glut in global production capacities.
EY is an England-based consulting firm that provides services such as tax planning, M&A advisory, and corporate reporting for industries including energy, media, and finance.