India has announced its projected GDP growth range of 6.8% to 7.2% for the fiscal year 2027, reflecting the government's economic outlook for the medium term.

Economic Growth Projection

The projected growth range represents the government's assessment of India's economic potential and expected performance for FY27. This forecast indicates sustained economic expansion expectations over the projected period.

Growth Outlook

The growth projection of 6.8% to 7.2% for FY27 demonstrates the government's confidence in the country's economic trajectory. This range-based forecast provides flexibility while indicating positive economic expectations for the fiscal year 2027.

The announcement of this GDP growth projection serves as an important indicator of India's medium-term economic planning and policy direction.

India has announced its intention to maintain reduced import taxes on premium electric vehicles beyond the current policy framework. According to a government official, the country will apply the same import tax reduction to electric vehicle models priced over 20,000 euros after a five-year period.

Policy Extension Framework

The announcement provides clarity on India's long-term approach to electric vehicle import taxation. The policy ensures that premium EV models will continue to benefit from reduced import duties even after the initial implementation period expires.

Market Impact

This policy extension is expected to provide long-term certainty for international electric vehicle manufacturers considering the Indian market. The continued tax benefits for premium EVs may encourage sustained investment in India's electric mobility sector.

The announcement comes as India seeks to balance its electric vehicle promotion goals with domestic manufacturing interests. By maintaining favorable import conditions for higher-priced EVs, the government appears to be targeting the premium segment while potentially protecting domestic manufacturers in lower price categories.

Strategic Implications

The five-year timeline provides a clear framework for manufacturers and consumers in the premium electric vehicle segment. This policy continuity may help establish India as a more predictable market for international EV brands, potentially leading to increased model availability and competitive pricing in the premium segment.