India seen growing 6.8% in FY27, eyes global transit hub role

India is projected to grow around 6.8-7.1% in FY27 despite global tensions, says an SBI Research report. Inflation may average 4.5%, with risks from a possible El Nino. Fiscal deficit could rise due to subsidy hikes and tax cuts. India may also benefit as an aviation transit hub if Middle East disruptions persist.