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      Question

      According to sectoral growth estimates by ICRA, what was

      the growth rate of the services sector in Q3 FY26?
      A 6.5% Correct Answer Incorrect Answer
      B 7.2% Correct Answer Incorrect Answer
      C 7.8% Correct Answer Incorrect Answer
      D 8.3% Correct Answer Incorrect Answer
      E 9.2% Correct Answer Incorrect Answer

      Solution

      The services sector was estimated to grow at 7.8% in Q3 FY26, according to ICRA’s projections. This represented a decline from the 9.2% growth recorded in Q2 FY26, indicating a slowdown in service sector expansion. The moderation in services growth was linked to lower government spending and reduced growth in services exportsduring the quarter. The services sector plays a major role in India’s economy as it contributes a significant share to GDP through activities such as information technology, finance, tourism, and business services.

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