Whalesbook
Rating agency ICRA forecasts India's GDP growth to slow to 7% in the July-September 2025 quarter (Q2 FY26) from 7.8% in the April-June period. This moderation is attributed to reduced government spending. However, strong performance in manufacturing, construction, and favorable base effects, along with inventory stocking for festivals and upfronting of exports, are expected to support overall economic activity, even as services and agriculture may see a slight slowdown.