India's FY27 Outlook: Consumption Fuels 6.5-7% Growth, Rupee at 90-93

• India's real GDP growth is projected to normalize to 6.5-7% in FY27, with consumption as the primary driver.
• Nominal GDP growth is expected to rise to 9.5-10.1% in FY27, supporting earnings and credit trends.
• Economists Sakshi Gupta and Kanika Pasricha forecast the rupee to trade in a 90-93 range against the US dollar by FY27.
• Government capex may slow; private capex outlook is mixed, with trade exports posing risks.
• RBI's rate-cut cycle is nearing completion, with liquidity management becoming a key focus.

Why It Matters: India's FY27 outlook: consumption-led 6.5-7% GDP growth, rupee 90-93, stable monetary policy.