India’s GDP Growth Could Reach 7% in FY27: Jefferies

Jefferies says India’s economy is growing strongly.

It expects the economy to expand between 6.5% and 7% in FY27.

People and businesses are borrowing more money from banks.

Loans to small businesses, industry, services and companies all increased.

Higher tax collections suggest that buying and business activity remain healthy.

Power use also grew faster during April-August.

Jefferies believes companies may be preparing to invest more.

It also expects the government to keep reducing its budget deficit, although global uncertainty and changing commodity prices remain risks.