“Under this stress scenario, corporate earnings before interest, tax, depreciation and amortisation (EBITDA) could decline 15-25 per cent in FY27, with leverage rising by 0.5x-1x, while banking sector asset quality may weaken, pushing bad loans to around 3.5 per cent,” it said
India's Economic Growth Could Slow By 0.8% Points In Fiscal 2027: S&P Ratings