India's GDP is projected to grow by 7.4% in FY2026, an increase from an estimated 6.5% in FY2025, according to an ICRA report. Growth is expected to be strong in the first half of FY2026, potentially reaching 8%, driven by policy support, tax relief, and GST rate rationalization. However, growth may slow in the second half due to fading base effects and potential weakening of exports, unless a US trade deal is finalized. Seasonal demand in mining, construction, and electricity is anticipated.