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%.

Cabinet approves restructuring of PM SVANidhi Scheme with extension till March 2030 to benefit 1.15 crore street vendors.
Read More....
Centre forms PM-led committees for Patel’s and Birsa Munda’s 150th birth anniversaries and Vajpayee’s centenary celebrations.
Read More....
India and Bhutan sign MoU to enhance cooperation in agriculture, livestock, and allied sectors.
Read More....
Raksha Rajya Mantri Sanjay Seth inaugurates MILMEDICON-2025, global military medicine conference, in New Delhi.
Read More....
Astronomers capture first-ever direct image of baby planet WISPIT 2b orbiting star WISPIT 2 in constellation Aquila.
Read More....
SEBI approves Groww IPO, paving way for $1 billion fintech listing in India.
Read More....
Indian-origin banker Piyush Gupta appointed Alternate Member of Singapore’s Council of Presidential Advisers for four years.
Read More....
Gangwal family trust sells ₹2,933 crore stake in IndiGo, taking 2025 divestment total beyond ₹39,500 crore.
Read More....
Murugappa Group’s CG Semi launches ₹7,600 crore semiconductor pilot line in Gujarat under India Semiconductor Mission.
Read More....
Former RBI Governor Urjit Patel appointed IMF Executive Director for a three-year term.
Read More....

SBI revises India’s GDP for FY 2022- 23