India continues to remain the bright spot supported by its strong macro fundamentals, and the government capex may cross Rs 12 lakh crore in Financial Year (FY) 2027. If the capital expenditure crosses the Rs 12-lakh crore mark, it will be a 10 per cent year-on-year growth, an SBI Research report said on Monday, according to the IANS.

The nominal GDP growth relevant for budget math is expected to be around 10.5 to 11 percent, with the uptrend in global commodity prices possibly percolating in a higher WPI.