GDP growth during current fiscal estimated to be 6.3%: SBI research

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The State Bank of India (SBI), in its research, has estimated GDP growth during the current financial year (2024-25) to be 6.3 per cent, assuming that the NSO does not make major revisions to the erstwhile first and second quarter estimates.

The report said that leveraging 36 high-frequency indicators, the estimated GDP growth for the third quarter of the current financial year should be between 6.2 per cent and 6.3 per cent.

The slowdown in the current household inflation expectations encourages higher discretionary spending and drives demand-led growth, the report said.

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Category: BusinessFinance

Markets: India

Topics: State bank of India Economy growth GDP growth India's GDP growth SBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 13:40:00 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 26268563

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