India Inc FY27 Outlook Positive

India Inc has maintained a constructive outlook for FY27, according to a post-conference note from Meritz Securities' India Investor Conference 2026. Key growth drivers are expected to be sectors such as telecom, defence, metals, building materials, power, banking, and consumption. Corporate managements in India are confident about demand trends and capital expenditure plans, anticipating mitigation of higher crude oil-linked input costs through cost savings and phased price increases. Macroeconomic developments, including stronger-than-expected GDP growth, measures by the State Bank of India to attract foreign debt inflows, and a current account surplus, have bolstered business confidence. The report highlights robust demand for telecom due to AI infrastructure, sustained momentum in defence manufacturing, and a favorable outlook for power and capital goods. The banking sector expects resilient credit growth, while consumer-focused sectors are driven by premiumization and discretionary spending. Hospitality and real estate also show improving demand.