SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 pc due to global headwinds
New Delhi [India], August 9 (ANI): The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
The report noted that the slight downgrade by 20 basis points are based on the global headwinds that are beginning to materialize.
"We expect real GDP to grow by 7.0 per cent y/y in FY25. Our estimate is 20bps