New Delhi, Jan 2 || India’s nominal GDP growth is expected to improve to about 11 per cent in FY27 with real growth at 7.2 per cent, driven by domestic credit‑led consumption and policy support, a report said on Friday.
The report from SBI Mutual Fund said that it is "constructive on growth" in the medium term with structural reforms and premiumisation driving the outlook, though global slowdown and geopolitics remain key risks. Real GDP growth in FY26 averaged 8 per cent year‑on‑year in the first half while nominal growth was subdued at 8.8 per cent.
The fund house expected inflation to mean‑revert to about 4 per cent in FY27, with the Reserve Bank of India (RBI) likely to keep policy on a long pause unless global growth deteriorates.
The mutual fund highlighted recent liquidity measures including a Rs 2 trillion Open Market Operations (OMO) round and a $10 billion buy‑sell swap in mid-January.