Axis Bank's Mishra: India Can Hit 7.5% Growth in FY27 as Headwinds Ease

• India's economy is projected to grow at 7.5% in FY27, according to Axis Bank's Chief Economist Neelkanth Mishra.
• This growth is attributed to easing fiscal and monetary headwinds, allowing the economy to move above its long-term trend.
• Despite strong policy headwinds and tightening in FY25, India's economy demonstrated resilience by growing 6.5%.
• Fiscal drag is expected to ease in FY27 with a projected deficit of 4.2%, while monetary policy becomes supportive with reviving credit growth.
• An improving macro backdrop is anticipated to revive corporate earnings, with a projected 14% rise in calendar year 2026.

Why It Matters: India's economy is set for 7.5% growth, signaling opportunities.