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ICICI Bank sees exports and power demand lifting manufacturing
29 Sept 2026, 08:27 am IST·1 source·Medium coverage confidence
In short
ICICI Bank said India’s manufacturing sector should grow, helped by exports and more investment. The report also said manufacturing output rose 9% year on year in August, with gains in electrical equipment and transport.
It could matter for factories and jobs if the trend continues. But the report also warns that a weak monsoon may hurt rural demand and spending, and that risk is not resolved.
Official statistics on record
Exports (% of GDP)World Bank Open Data
22.06 % of GDP (2024)
22.26 % of GDP (2025)
+0.9% vs 2024
Imports (% of GDP)World Bank Open Data
23.85 % of GDP (2024)
24.01 % of GDP (2025)
+0.6% vs 2024
Reference data, not a forecast — see the cited source for each series.
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Publisher's headline: “Exports, rising power demand to support manufacturing growth despite rural weakness: ICICI Bank”
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