# Despite a volatile start to FY27 driven by geopolitical risks, oil price swings, and rate uncertainty, the outlook for Indian equities remains positive.

*business · news · 2026-04-14 · The Economic Times*

## Key points

- India's valuation premium to emerging markets has narrowed, making it a relatively better trade now.
- FIIs are reallocating capital away from India due to lack of AI and commodity upcycle exposure.
- Alternatives in India are expected to grow fivefold in AUM over the next decade.
- RBI's recent interventions have increased the cost of speculation against the rupee, supporting INR stability.
- Sectoral growth in FY27 is expected from Financials, Consumer Discretionary, Energy, and Metals.

**Companies:** Bharti AXA Life Insurance
**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/expert-view/etmarkets-smart-talk-financials-consumer-discretionary-metals-to-drive-fy27-growth-rahul-bhuskute/articleshow/130253051.cms)

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