SBI revises India’s GDP for FY 2022- 23

SBI revises India’s GDP for FY 2022- 23

Daily Current Affairs   /   SBI revises India’s GDP for FY 2022- 23

Change Language English Hindi

Category : Business and economics Published on: September 03 2022

Share on facebook
  • State Bank of India (SBI) chief economist has revised down India's full-year GDP growth forecast to 6.8 for the financial year FY23. 
  • Earlier, the growth forecast was 7.5%.
  • SBI's lowering of GDP growth forecast comes after the National Statistical Office (NSO) on Wednesday released the data for the April-June quarter (Q1) of 2022-23, where the economy showed a growth of 13.5% -- lower from 20.1% in Q1 of FY22.
  • Earlier this month, the Reserve Bank of India had projected the estimated first quarter GDP growth to be 16.2%.
Recent Post's
  • LoIs issued to 4 foreign universities; ₹4,000 crore education projects announced at ABSS.

    Read More....
  • Kaziranga becomes India's third-highest tiger density reserve after Bandipur and Corbett.

    Read More....
  • St. Aloysius student sets world record with 170-hour Bharatanatyam performance.

    Read More....
  • Divyanshi wins U-19 WTT title; Priyanuj clinches gold in U-17 boys’ final.

    Read More....
  • Goa Shipyard launches 6th indigenous Fast Patrol Vessel, ICGS ATAL.

    Read More....
  • July 30 marked as World Day Against Trafficking with focus on criminal exploitation.

    Read More....
  • RBI caps investment in AIF schemes to 10% per bank/NBFC.

    Read More....
  • PM Modi releases ₹1,000 coin marking 1,000 years of Rajendra Chola’s naval campaign.

    Read More....
  • Death toll in Gaza crosses 60,000; over half are women and children.

    Read More....
  • Ex-Twitter CEO Jack Dorsey launches offline messaging app Bitchat.

    Read More....