Services Sector Should Have Pulled Down Q1 GDP Growth To 7 Pc: ICRA

ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-June

India's GDP growth forecast stands at seven percent for the April-June quarter, marking a four-quarter low and a slowdown from prior growth rates. The industrial sector is projected to expand by seven point seven percent, with agriculture and services also seeing improvements. Overall growth is expected to moderate, yet nominal GDP growth is set to reach a remarkable four-year high.

Services Sector Should Have Pulled Down Q1 GDP Growth To 7 pc: ICRA

ICRA estimates the industrial GVA growth to have risen to 7.7% in Q1 2026-27 from 7.3% seen in Q4 2025-26, led by all sub-sectors, barring manufacturing

Margin impact of West Asia tensions to soften India's GDP growth to 7% in Q1 FY27, says ICRA

ICRA forecasts a decline in India's GDP growth to 7% in Q1 FY27, influenced by conflicts in West Asia and monsoon irregularities. While sectors like agriculture and industry show some resilience, the services sector is set to slow significantly.

ICRA Projects India Q1 GDP Growth At 7 Percent Amid Global Tensions

Rating agency ICRA has released its latest economic report, providing a comprehensive outlook on India's Gross Domestic Product (GDP) growth for the current fiscal year. According to the agency's projections, India's economic growth is expected to moderate to 7 percent in the first quarter (April-June) of the current financial year. 8 percent growth recorded in the preceding January-March quarter. The report suggests that while domestic activiti…