ICRA Forecasts India's GDP Growth to Slow to 7.2% in Q3FY26

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ICRA: India's GDP Growth to Moderate to 7.2% in Q3FY26

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News18•22-02-2026, 10:15

ICRA: India's GDP Growth to Moderate to 7.2% in Q3FY26

•ICRA projects India's YoY GDP growth to moderate to 7.2% in Q3 FY2025-26 from 8.2% in Q2 FY2025-26.
•Slower expansion in services and agriculture sectors is expected to outweigh improved industrial performance.
•Services growth estimated to moderate to 7.8% and agriculture to 3.0% in Q3 FY2025-26.
•Industrial sector performance is projected to reach a six-quarter high of 8.3% in Q3 FY2025-26.
•Reasons for slowdown include unfavorable base effect, contraction in Government capital spending, and weak merchandise exports.

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