India Equity Outlook FY27 Despite robust headline GDP growth, market performance is expected to be increasingly dictated by corporate earnings and valuation metrics rather than macroeconomic indicators alone. GV Giri, President and Head of Research at IIFL Capital, forecasts Nifty earnings growth to accelerate to **16–17%** by FY27. This momentum is projected to be driven primarily by the banking and NBFC sectors, alongside other select industries. While earnings prospects remain positive, analysts caution that Indian equities maintain a valuation premium. Current levels are considered relatively expensive compared to global peers, suggesting that future market gains will rely heavily on realized earnings expansion. --- [India's earnings momentum to build in FY27](https://www.youtube.com/watch?v=jzX99Mz6IuQ) This video provides additional expert analysis on the projected Nifty earnings surge for FY27 and the specific sectors expected to lead the growth. http://googleusercontent.com/youtube_content/0