FM Sitharaman Projects 10% Nominal Growth for FY27 Amidst Strong Economic Rebound
Business
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Moneycontrol•01-02-2026, 13:30
FM Sitharaman Projects 10% Nominal Growth for FY27 Amidst Strong Economic Rebound
- •Finance Minister Nirmala Sitharaman projects India's nominal growth at 10% for FY27, slightly lower than the previous fiscal year's 10.1%.
- •India's real GDP is estimated to have grown by 7.4% in the current fiscal year, a sharp rebound from 6.5% in the previous year.
- •The economy recorded a six-quarter high growth of 8.2% in Q2FY26, driven by robust manufacturing and buoyant services.
- •High domestic consumption and public capital expenditure are expected to maintain growth around 6.5-7% in FY27.
- •Income tax relief, rationalized GST rates, and RBI's policy rate cuts supported consumption demand and eased borrowing costs.
Why It Matters: India's economy shows strong rebound and projected growth for FY27, supported by domestic demand and policy measures.
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