India’s private corporate sector entered FY27 on a stronger footing, as the Reserve Bank of India (RBI) in its latest data report has shown a marked acceleration in sales growth during the first quarter (Q1) of 2026-27. Aggregate sales of listed private non-financial companies grew 19.4 per cent y-o-y in Q1:2026-27, up sharply from 13.9 per cent in the previous quarter.
According to the report, the manufacturing sector remained a key growth engine, with sales of 1,827 listed private manufacturing companies expanding 21.4 per cent y-o-y during Q1:2026-27, up from 14.5 per cent in the previous quarter. This acceleration was majorly driven by the automobiles, petroleum and electrical machinery industries.
Further, the report noted that sales growth of Information Technology (IT) companies strengthened further and recorded a double-digit growth of 14.8 per cent y-o-y during Q1:2026-27 from 9.9 per cent in the previous quarter, while non-IT services companies continued to record a healthy double-digit growth of 19.7 per cent in Q1 as against 20.3 per cent in the previous quarter, mainly driven by wholesale and retail trade industry.
