India’s economic growth is expected to moderate in the third quarter of FY2025-26, with rating agency ICRA projecting year-on-year (YoY) GDP growth at 7.2 per cent, down from 8.2 per cent in Q2, amid signs of easing momentum in services and agriculture. According to ICRA, the slowdown in services and farm output is likely to outweigh an improvement in industrial performance during the October–December quarter. [...]