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Business
India's Business Activity Hits 32-Month High in June, ICRA Reports
✍️ Fortune India
🗓 22 Jul 2026, 02:08 PM
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ICRA's latest report shows India's business activity reached a 32‑month peak in June, signaling a strong economic uptick.
ICRA, the Indian credit rating agency, released a report indicating that India's business activity index climbed to a 32‑month high in June.
The index, which measures the level of business activity across sectors, rose above the 50‑point threshold that separates expansion from contraction, marking a significant turnaround.
Economists view the surge as a sign of improving confidence among firms and a potential precursor to stronger growth in the coming quarters.
In the same report, ICRA projected first‑quarter GDP growth at 6.4‑6.6%, underscoring the broader positive momentum in the economy.
The index, which measures the level of business activity across sectors, rose above the 50‑point threshold that separates expansion from contraction, marking a significant turnaround.
Economists view the surge as a sign of improving confidence among firms and a potential precursor to stronger growth in the coming quarters.
In the same report, ICRA projected first‑quarter GDP growth at 6.4‑6.6%, underscoring the broader positive momentum in the economy.