Cross-sectoral trends and outlook

Monthly Research Compendium

Monthly Update 06 Oct 2025

The Research Compendium is a compilation of some of ICRA's key research reports released in the previous month.

  • ICRA’s sectoral outlook as of September 2025
  • Cross sectoral trends and outlook: Indian exporters to the US to face uncertain times as sharp increase in tariffs is likely to weigh on earnings
  • Cross sectoral trends and outlook: GST reforms to take away some of the tariff sting; GDP growth seen at 6.5% for FY2026
  • Economy: Phased CRR cut, VRRs to support liquidity ahead of seasonal currency leakage; G-sec yield curve to remain steep in near term
EXHIBIT: Trends in India’s yield curve*

*Zero coupon yield curve; Source: CCIL; ICRA Research

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