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Ind-Ra Projected India’s GDP Growth for Q2 FY26 at 7.2%, Led by Private Consumption — Signaling Economic Resilience.

Economy | Dated: 17 Nov 2025

India Ratings and Research, Ind-Ra, has projected India’s GDP growth at 7.2% for Q2 of FY26 (July–September 2025). The growth is primarily driven by strong Private Final Consumption Expenditure, PFCE, which is estimated to grow 8% Y-o-Y. The agency has also highlighted resilience in the services sector and investment demand.

🎯 Key Highlights:

  • Ind-Ra projected India's GDP growth for Q2 FY26 at 7.2%.
  • The growth is driven by strong private consumption (8% growth).
  • The nominal GDP growth is expected to be below 8% for the quarter.

💡 Other Important Facts:

  • Investment demand (GFCF) is expected to grow at 7.5% Y-o-Y.
  • The agency highlighted rural demand recovery as a key factor.
  • This projection aligns with other positive economic indicators for the period.

📚 Test Your Knowledge:

What is Ind-Ra's GDP growth projection for India in Q2 FY26?

Correct Answer: 7.2%

🚀 Quick Recap:

About Ind-Ra

  • Full Name: India Ratings and Research, Parent Company: Fitch Group.
  • HQ: Mumbai, Maharashtra, Role: Credit rating and research agency.