NEW DELHI, Dec 30: India’s GDP is forecast to grow 7.4% in FY2026, up from an estimated 6.5% in FY2025, according to ICRA. Growth is expected to be strong in the first half, around 8%, before easing below 7% in the second half due to fading base effects and weak exports.
Economic activity remained healthy in Q3, supported by festive-season demand, GST rate cuts, and policy measures such as income tax relief, liquidity support, and cumulative policy rate cuts of 125 basis points.
Seasonal increases in mining, construction, and electricity demand are anticipated, though external challenges, including delayed US trade agreements, could constrain growth later in the year. (IANS)WW
