💨 Abstract

The State Bank of India (SBI) has revised India's GDP growth forecast for FY25 to 6.3%, slightly lower than the National Statistical Office's (NSO) estimate of 6.4%. SBI attributes this downward bias to challenges affecting economic growth, particularly a slowdown in manufacturing, credit growth, and high base effects. The report also suggests a broader deceleration in aggregate demand during the fiscal year.

Courtesy: theprint.in