ICRA Projects India’s GDP Growth to Moderate to 7.2% in Q3 FY2025-26:
Rating agency ICRA has projected that India’s year-on-year (YoY) GDP growth will moderate to 7.2% in Q3 FY2025-26, compared to 8.2% recorded in Q2 FY2025-26. The slowdown is mainly due to weaker performance in the services and agriculture sectors, despite improved growth in industry.
Sector-Wise Performance:
Services Sector:
- Growth expected at 7.8% in Q3 FY26
- Down from 9.2% in Q2 FY26
- Affected by lower government spending and weaker services exports
Agriculture Sector
- Growth projected at 3.0% in Q3 FY26
- Down from 3.5% in Q2 FY26
Industrial Sector:
- Growth improved to a six-quarter high of 8.3% in Q3 FY26
- Up from 7.7% in Q2 FY26
