India's GDP growth moderated to estimated 7.2% in Q3 FY26: ICRA
ICRA has projected India's YoY GDP expansion to have eased to 7.2 per cent in Q3 FY26 from 8.2 per cent in Q2.
The industrial sector's performance is likely to have picked up to a six-quarter high of 8.3 per cent in Q3 FY26 against 7.7 per cent in Q2.
It has pegged the industrial GVA growth to have recorded a broad-based improvement to a six-quarter high of 8.3 per cent in Q3 FY26 from 7.7 per cent in Q2.
Rating agency ICRA recently projected India’s year-on-year (YoY) gross domestic product (GDP) expansion to have eased to 7.2 per cent in the third quarter (Q3) of fiscal 2025-26 (FY26) from 8.2 per cent in Q2.
The performance of the industrial sector is likely to have picked up to a six-quarter high of 8.3 per cent in Q3 FY26 against 7.7 per cent in Q2.
ICRA has pegged the industrial gross value added (GVA) growth to have recorded a broad-based improvement to a six-quarter high of 8.3 per cent in Q3 FY26 from 7.7 per cent in Q2, supporting the overall expansion in that quarter.
The quarterly financial results of Indian manufacturing companies revealed that the operating profit margin of the sector remained healthy in Q3 FY26, albeit slightly lower than Q2, given the pressure from raw materials costs and wage bill, ICRA noted.
ICRA projects the manufacturing GVA to have recorded a high-single digit growth in Q3 FY26 ; it was 9.1 per cent in Q2.
