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Margin impact of West Asia tensions to soften India's GDP growth to 7% in Q1 FY27, says ICRA

Mint Markets · Finance · 2026-08-17

Margin impact of West Asia tensions to soften India's GDP growth to 7% in Q1 FY27, says ICRA

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. Margin impact of West Asia tensions to soften India's GDP growth to 7% in Q1 FY27, says ICRA

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