India’s growth outlook steady: Icra keeps FY26 GDP forecast at 6.2%, warns of rising global risks

Icra maintains India’s GDP growth forecast at 6.2% for FY26, supported by a good monsoon and stable crude oil prices. However, escalating geopolitical and financial uncertainties pose downside risks. While projecting lower CPI inflation at 3.5%, Icra anticipates a rate pause in August, with a possible rate cut in October depending on economic conditions.