Icra projects Q4 GDP growth at three-year low of 7%
after close1 source ↓written by the desknot a recommendation
- to slow
- 7%
- in the previous
- 7.8%
- growth
- 6.2%
- 6.5%
- YoY in Q4
- 2.8%
Icra forecasts Q4 GDP growth to slow to 7%, down from 7.8% in the previous quarter, primarily due to the ongoing Iran war affecting energy prices and supply chains. The agency also revised FY27 growth down to 6.2% from 6.5%. This slowdown is attributed to weaker industrial and services sector performance, alongside rising input costs impacting manufacturing margins. 📉
• Merchandise exports contracted 2.8% YoY in Q4 FY26, particularly in textiles and pharmaceuticals.
• Government data release for annual and Q4 macro data is delayed to 7 June 2023.
Not investment advice. For informational purposes only.