Downside risks to India's growth in FY26 from external sector: PwC

India's economic growth is projected to moderate to 6.4% in FY25 due to weak urban consumption, high food inflation, and global uncertainties. Despite these challenges, strong domestic demand and stable macroeconomic fundamentals are expected to keep India as the fastest-growing major economy with an anticipated GDP growth of 6.3% to 6.8% in FY26.