Nominal GDP growth set to surge to 12%. Why the stock market may still struggle to rally
https://economictimes.indiatimes.com/markets/stocks/news/nominal-gdp-growth-set-to-surge-to-12-why-the-stock-market-may-still-struggle-to-rally/articleshow/133726572.cms
India’s nominal GDP growth could accelerate to 11.5%-12% in FY27, supporting stronger corporate earnings. However, elevated valuations, rising equity supply and potentially slower domestic flows could limit broad market gains. Jefferies favours lenders, power, ports and real estate, but sees a selective stock-picking environment rather than a broad-based rally.
September 3, 2026 6
