India's FY27 GDP Growth Projections Range from 6.7% to 7.2% Amid Strong Industrial and PMI Readings
40Framing Analysis
EY forecasts 7-7.2% real GDP growth and 12.5-13% nominal growth for FY27, while the RBI projects 6.7%. Industrial production rose 7.3% in June 2026 with manufacturing output up 7.8% in Q1 FY27 and PMI readings above 53. Bank credit grew 18.6% in June 2026, and India has sustained 7%+ growth since the pandemic per official statements.