New Delhi, Nov. 17 -- India's economic growth is expected to ease marginally in the September quarter, with rating agency ICRA projecting GDP expansion at 7 pc for Q2 FY2026, down from 7.8 pc in Q1, according to its latest assessment.
The gross value added (GVA) growth is similarly expected to moderate to 7.1 pc from 7.6 pc.
ICRA further said the deceleration is attributed largely to a slowdown in the services sector and softer agricultural output, more than offsetting an expected improvement in industrial activity. Services GVA is projected to ease to 7.4 pc from 9.3 pc, while agriculture is set to expand at 3.5 pc, broadly steady but weighed down by crop damage from excessive rains.
The report noted that the industrial GVA is likely to...