The economy is forecasted to grow at a rate of 6.8% to 7% in the April-June quarter of this financial year, exceeding the RBI's 6.5% estimate.
SBI’s report predicts a 6.9% growth rate for this period, with GVA estimated at 6.5%. This projection is based on previous quarter data.
However, the full-year GDP growth is estimated at 6.3%, below the RBI's target of 6.5%. The report highlights the shrinking difference between real and nominal GDP growth, which was 12 percentage points in the first quarter of 2022-23, but has narrowed to 3.4 percentage points in the fourth quarter of 2024-25. Consequently, nominal GDP may decline to 8% in the first quarter.