Excess rains, tariff impact, adverse base hit India’s Oct growth: ICRA

Excess rains, US tariffs and penalties, and an unfavourable base weighed on India’s economic growth in October and hit core output performance, which was flat YoY in the month after a September expansion, ICRA Ratings said.
The growth in industrial production index (IIP) may be 2.5-3.5 per cent in October 2025 compared 4 per cent in September.
ICRA forecasts GDP growth to print at 6.8 per cent in FY26.