India's real GDP growth is likely to remain resilient at 7 per cent-7.2 per cent in FY27, supported by buoyant domestic demand and continued government focus on capital expenditure, while nominal GDP growth could reach 12.5 per cent-13 per cent, according to recent report by EY. The firm said economic growth prospects remain relatively strong despite geopolitical uncertainty, elevated crude oil prices and a weaker global trade environment. The outlook comes against the backdrop of an improvement in industrial activity. EY noted that India's overall Index of Industrial Production (IIP) growth accelerated to a 23-month high of 7.3 per cent in June 2026, taking average industrial growth in the first quarter of FY27 to 5.7 per cent, the highest in eight quarters.