India's GDP growth may have declined to 3.5% in Q4: ICRA

India's GDP growth may have slowed down to 3.5% in Q4 FY22 from 5.4% in the previous quarter, rating agency ICRA said. The GVA seems to have risen even slower at 2.7% in Q4, compared to 4.7% in Q3, ICRA added. It cited impact of higher commodity prices on margins and decline in wheat yields, among others, as the reasons.