ICRA forecasts a decline in India’s GDP growth to 7% in Q1 FY27, influenced by conflicts in West Asia and monsoon irregularities. While sectors like agriculture and industry show some resilience, the services sector is set to slow significantly.ICRA forecasts a decline in India’s GDP growth to 7% in Q1 FY27, influenced by conflicts in West Asia and monsoon irregularities. While sectors like agriculture and industry show some resilience, the services sector is set to slow significantly.
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