| | 1 | '''1927: Key Events''' |
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| | 3 | * The Indian Trade Union Act comes into force on 1 June, defining the terms for union recognition and their frame of reference. |
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| | 5 | * Industrialists set up the Federation of Indian Chambers of Commerce and Industry (FICCI). |
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| | 7 | * The Indian Broadcasting Company starts operations in Bombay and Calcutta, inaugurating professional radio in India. |
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| | 9 | * Modhu Bose starts the Calcutta Amateur Players theatre group. |
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| | 11 | * Indian Kinema Arts Studio starts in Calcutta, one of the predecessors of New Theatres. |
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| | 13 | * Film journals the Movie Mirror (Madras) and Kinema (Bombay) are started. |