Last update:
SBI has estimated GDP growth during its research, during the current financial year (2024–25).
India GDP
State Bank of India (SBI) has estimated GDP growth during its research, during the current financial year (2024-25), assuming that NSO does not make major amendments in the first and second quarter.
The report stated that taking advantage of 36 high-existing indicators, the estimated GDP growth for the third quarter of the current financial year should be between 6.2 percent and 6.3 percent.
According to the National Statistics Office (NSO), the actual and nominal GDP growth rate for 2024–25 is 6.4 percent and 9.7 percent respectively.
The report states that a healthy rural economy is strengthening stability and maintains speed in other areas.
The report stated that the recession in the expectations of existing domestic inflation encourages high discretionary expenses and promotes demand-degeneration growth.
The report said that capital expenditure is improving in the third quarter of the current financial year.
The recession in the third quarter of the calendar 2024 affects not only India but also other countries due to the disintegration of the geo -political development and supply chain.
According to SBI report, despite this, India remained one of the fastest growing economies.
Recently, the forecast of IMF global development has estimated India’s growth of 6.5 percent for both the current financial year and later the government’s back financing behind strong domestic demand and policy interventions.
(This story has not been edited by News18 employees and a syndicated news agency has been published from feed – PTI,
