SBI revises FY21 GDP estimates to -7.0% from -7.4% earlier

Business

The Economic Research Department of the State Bank of India has revised FY21 GDP estimates for India to -7.0% from the earlier forecast of -7.4%. Based on SBI Nowcasting Model. The report has been brought out by Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India. According to the report, the growth forecast for Q3 would be around 0.3%.

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