Icra retains FY26 GDP forecast at 6.2%

Icra has retained India's GDP growth forecast for FY26 at 6.2%, contingent on favorable monsoons and stable crude oil prices. While urban consumption prospects are positive, geopolitical tensions and volatile financial markets pose downside risks. CPI inflation is projected to cool to 3.5%, potentially leading to a rate cut in October 2025, despite a likely pause in August.