No, it is not. It is the present participle of the verb to carry. It can be a verb, or adjective, or noun.
A contraction is a combined word form that uses an apostrophe.
the contraction of our muscles which are contracted by neurones carrying impulses from the brain
There is no contraction for were you. There is no contraction for you were.There is a contraction for "you are" (you're).
There is no contraction for "its not."There is a contraction for "it is" (it's).There is a contraction for "is not" (isn't).
He's already IS a contraction. It is a contraction of he is.
It's is the contraction of it has and it is.
There is no contraction. The contraction we're means "we are."
There is no contraction. There is a contraction doesn't which means "does not."
There is no contraction for I was. There is a contraction for I am (I'm) and for I have (I've).
We're is a contraction of we are.
The contraction for he will is He'll
"They've" is the contraction for 'they' and 'have'.
The grammatical contraction for "have not" is "haven't."