Archive · 18 Nov 2025
India's Q2 GDP Growth Forecast at 7%: Icra
India's economy is expected to grow at a steady pace of 7% in the second quarter of this financial year.
While the services and agriculture sectors are expected to slow down slightly, the industrial sector is expected to perform better.
This means that overall, the economy is still growing at a healthy rate.
India's GDP growth expected to reach 7% in Q2 FY26, down from 7.8% in Q1 FY26
GVA growth expected to dip to 7.1% from 7.6%
Services sector growth to slow to 7.4% from 9.3%
Agriculture growth to slow to 3.5% from 3.7%
Industrial sector growth to pick up to 7.8% from 6.3%
- Who
- ICRA
- What
- Forecast of India's GDP growth for Q2 FY26
- When
- Q2 FY26 (July-September 2025)
- Where
- India
- Why
- The growth rates are influenced by changes in the services, agriculture, and industrial sectors.
Slowing Growth Sectors
Improving Growth Sectors
Services Sector Growth
Slowing Growth Sectors
Expected to slow down to 7.4% from 9.3%
Improving Growth Sectors
Still a significant contributor to overall growth
Agriculture Sector Growth
Slowing Growth Sectors
Expected to slow down to 3.5% from 3.7%
Improving Growth Sectors
Relatively stable growth compared to other sectors
- GDP Growth (Q2 FY26)
- 7%
- GVA Growth (Q2 FY26)
- 7.1%
- Services Sector Growth (Q2 FY26)
- 7.4%
- Agriculture Growth (Q2 FY26)
- 3.5%
- Industrial Sector Growth (Q2 FY26)
- 7.8%
Sources
Festive stocking, GST cuts to lift industry even as GDP slows to 7%: ICRA
India's GDP growth projected at robust 7 pc in Q2 FY26: Report
India’s growth to ease slightly in FY26 as government slows spending, says CLSA’s Leif Eskesen
India’s petroleum product consumption halves in FY26 led by reduction in diesel consumption
Q2 GDP growth forecast at 7%: Icra
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India’s Q2 GDP projection: SBI sees 7.5% growth, ICRA predicts 7%—What’s driving the divide?
