India’s next earnings cycle: Which sectors could lead FY27 growth?

BFSI, Infrastructure, Manufacturing (particularly electronics, EVs, and semiconductors), and Renewable Energy are well positioned to drive India’s earnings growth in FY27. The banking sector remains a key pillar of the economy, with total outstanding credit reaching Rs. 212.9 lakh crore, retail assets under management hitting Rs.162 lakh crore, and several major banks reporting corporate credit growth of up to 38%, supported by robust lending demand.