thenewsfacts.com
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
thenewsfacts.comthenewsfacts.com
Font ResizerAa
Search
  • Home
  • Latest News
  • Trending News
  • Entertainment
  • Technology
  • Sports
  • Business
  • Health
Follow US
© thenewsfacts : All Rights Reserved.

Home » India GDP to grow at 18.5% – SBI Ecowrap Research (2021)

Business

India GDP to grow at 18.5% – SBI Ecowrap Research (2021)

TheNewsFacts
Last updated: August 24, 2021 5:48 pm
TheNewsFacts
Share
India GDP to grow at 18.5% - SBI Ecowrap Research (2021)
SHARE

State Bank of India (SBI) in its Ecowrap research report said today that India’s gross domestic product (India GDP) is expected to grow at 18.5 per cent in the June quarter due to low base effect..

This forecast, however, is lower than the 21.4 per cent growth projected by Reserve Bank of India.

“Based on SBI Nowcasting model, the forecasted GDP growth for Q1 FY22 would be around 18.5 per cent (with upward bias). The GVA is estimated at 15 per cent,” the report said.

The Nowcasting model includes 41 high frequency indicators associated with industry activity, service activity, and global economy.

SBI expects India’s GDP growth to stay in the range of 7.5 to 8 per cent in the September quarter, and 6 to 6.5 per cent in December quarter of the current calendar year and March quarter of the next year based on this model.

India GDP 2021 – SBI forecast

The overall GDP growth is projected to be within 9 to 9.5 per cent, which is in line with RBI predictions, the SBI Ecowrap report showed.

Ministry of Finance releases Monthly Economic Report for July 2021.#MER

For full report➡️ https://t.co/jp8pDVnyzW

Key Highlights👇 pic.twitter.com/r5fraHHGnx

— Ministry of Finance (@FinMinIndia) August 10, 2021

The report observed that the overall consumption trajectory will depend on the recovery in services “Trade, hotels, transport, communication & services related to broadcasting” which supports roughly 25 crore households. Corporate, in the listed space, reported better growth numbers across parameters in Q4 (January-March) FY21, but this trend may soon reverse.

Image courtesy – SBI Facebook

Meanwhile, the report assessed that the average duration of third wave for top countries is 98 days and that of second wave is 108 days, with third wave peak as a multiple of second at 1.8 and second wave as a multiple of first at 5.2 (for India it was at 4.2).

TAGGED: India GDP, Indian Growth 2021, SBI India GDP
Share This Article
Twitter Email Copy Link Print
Previous Article Now Get Vaccine Appointments via WhatsApp in India Now Get Vaccine Appointments via WhatsApp in India
Next Article Wistron enters India Through a Big Electronics JV with Optiemus Wistron enters India Through a Big Electronics JV with Optiemus

Your Trusted Source for Accurate and Timely Updates!

We're committed to providing accurate and unbiased news as it unfolds, earning the trust of a large audience. Stay informed with our news updates on the latest events and trends, keeping you ahead of the curve.
FacebookLike
TwitterFollow
InstagramFollow

Popular Posts

Bajaj Auto’s Stock Vrooms to ₹7399 Today, Following Buy Back News

Bajaj Auto's Stock had a superb run today touching a high of Rs. 7399 today,…

By TheNewsFacts

The Big Indian Drug Racket: Bollywood is Under Intense Scrutiny

The news revolving around the Big Indian Drug Racket is getting larger everyday. The Narcotics…

By TheNewsFacts

Russia Ukraine War: Indian Students told to Get Vaccinated on Arrival by Govt

Russia-Ukraine News: Indian Students arriving from Ukraine must get vaccinated on arrival. The government of…

By TheNewsFacts

You Might Also Like

AM Green
Business

AM Green, Port of Rotterdam To Enable 1 MTPA , $1B Trade for Green Fuels

By TheNewsFacts
Rio Tinto
Business

AMG, Rio Tinto Plan 500K TPA Green Aluminium in India

By TheNewsFacts
BluSmart
Business

BluSmart’s EV U-Turn: Platform Out, Fleet In

By TheNewsFacts
GreenLine Mobility Solutions
Business

GreenLine Bets Big on Net-Zero Logistics; Invests $275M

By TheNewsFacts
thenewsfacts thenewsfacts

About US


TheNewsFacts: Brings you the interesting facts, news facts and updates from India an the world across politics, tech, entertainment, business, tending, and more. We deliver what you love to read.
Top Categories
  • Latest News
  • Trending News
  • Paris Olympics 2024
  • Sports
  • Entertainment
  • Business
  • Technology
Usefull Links
  • About The News Facts
  • Latest News
  • Privacy Policy
  • Editorial Policy
  • Disclaimer
  • Contact Us
Follow us
Facebook Twitter Instagram

© thenewsfacts. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?