SBI Report: GDP Growth Near 7% in Q1, Outpacing RBI Estimates
India's GDP growth for the first quarter is expected to be between 6.8% and 7%, with SBI projecting 6.9%, surpassing RBI's estimate of 6.5%. The Gross Value Added (GVA) is likely to be around 6.5%. Data will be released on August 29.
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.
Muskan Kumawat
Muskan Kumawat is a Journalist & Content Writer at Sangri Times English, covering a wide range of topics, including news, entertainment, and trending stories. With a strong passion for storytelling and in-depth reporting, she delivers engaging and informative content to readers.
