Fitch Ratings Forecasts 6% Revenue Growth for Indian Corporates in FY27 Amid Risks

Fitch Ratings projects a 6% revenue growth for Indian corporates in FY27, supported by steady GDP growth, improved consumer spending, and GST rate reductions. The agency forecasts GDP growth of 7.4% for FY26 and expects infrastructure spending to boost sectors like cement, steel, and construction. While direct exposure to current US tariffs is low, further tariff increases and rupee depreciation pose risks. Fitch also anticipates improved EBITDA margins and stable credit metrics despite high capital expenditure.