ICRA Projects India’s GDP Growth at 6.4–6.6% in Q1 FY27

Exam-focused facts from the 26 July 2026 current affairs briefing.

Key facts

ICRA has projected India’s Gross Domestic Product (GDP) growth at 6.4–6.6 per cent for the April-June quarter (Q1 FY27).
The projected GDP growth in Q1 FY27 is lower than the 7.8 per cent growth recorded in the January-March quarter (Q4 FY26).
ICRA’s Business Activity Monitor recorded 10 per cent year-on-year growth for the April-June quarter, up from 9.1 per cent in the previous quarter.
Economic output reached a 32-month high in June 2026, growing 12 per cent year-on-year from 9.4 per cent in May 2026.
Among 16 high-frequency indicators monitored by ICRA, 13 showed stronger year-on-year growth in June 2026.
ICRA projects the Index of Industrial Production (IIP) will grow by 5–6 per cent in June 2026.