Rohan Editor 
According to PL Capital’s India Strategy Report, the NIFTY Earnings Per Share (EPS) is projected to achieve a 14.8% CAGR over the FY26–28 period. While Indian equity markets have recently remained range-bound due to global geopolitical tensions and US tariff uncertainties, domestic macro fundamentals remain resilient. This stability is bolstered by significant policy tailwinds, including previous income tax cuts, a cumulative 125 bps reduction in the repo rate, and a favorable monsoon season. Consequently, PL Capital estimates a healthy growth of 8.2% in sales and 12.8% in EBITDA across its coverage universe.
As the 2027 Budget approaches, experts anticipate a strategic shift away from major tax concessions toward long-term structural economic reforms. Following last year’s substantial adjustments to tax slabs and GST rates, there is now limited room for further direct tax relief. Instead, the government is expected to focus on sustaining economic momentum through policy-led initiatives and GST rationalization to navigate increasing business uncertainties. This approach aims to leverage decade-low inflation and strong domestic demand to ensure steady growth in the coming fiscal years.
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