💨 Abstract

The State Bank of India (SBI) report suggests that a rate cut by the Reserve Bank of India (RBI) with a projected GDP growth of over 7% for FY25 is rare, if not unprecedented globally. The report indicates that RBI might be preparing the grounds for a rate cut in harmony with the current economic growth momentum. The RBI has projected India's real GDP growth for FY25 at 7.2%,

Courtesy: theprint.in

Summarized by Einstein Beta 🤖