SBI raises GDP growth forecast to 7.6% for fiscal year
after close1 source ↓written by the desknot a recommendation
- fiscal year
- 7.6%
- 7.5%
- growth in Q2
- 8.2%
- RBI's estimate
- 120 bps
- Q1 growth
- 7.8%
SBI has revised its GDP growth forecast for the full fiscal year to 7.6%, up from 7.5%, following a robust 8.2% growth in Q2. This marks the highest growth in six quarters, surpassing the RBI's estimate by 120 bps. Despite this, analysts predict a slowdown in the latter half of the fiscal year due to waning base effects. 📉
Key Points:
• Q1 growth at 7.8%
• Expected Q3 growth between 7.5-7.7%
• Consensus for full fiscal growth at 6.8-7%
The upward revision may boost market sentiment in the near term.
Not investment advice. For informational purposes only.