Financial Insights

India’s GDP likely to grow 8.1% in Q2 FY22: SBI report

In the first quarter of FY 22, the economy grew 20.1 per cent. For the fiscal 2022, RBI has estimated real GDP growth to be at 9.5 per cent β€” 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.

The country’s GDP growth is likely to be around 8.1 per cent in the second quarter of the current financial year and in the range of 9.3-9.6 per cent during fiscal 2022, according to an SBI research report. In the first quarter of FY 22, the economy grew 20.1 per cent. For the fiscal 2022, RBI has estimated real GDP growth to be at 9.5 per cent β€” 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.

“As per SBI’s Nowcasting Model, the forecasted GDP growth for Q2 FY22 would be 8.1 per cent, with an upward bias. The full year (FY22) GDP growth is now revised upwards to 9.3-9.6 per cent from our earlier estimate of 8.5-9 per cent,” the research report, Ecowrap, said. The projected 8.1 per cent growth rate in Q2 FY22 is the highest growth across all economies, it said.

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