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%.

Israeli Navy intercepts UK ship carrying Gaza aid and detains Greta Thunberg.
Read More....
World Day Against Child Labour observed on June 12 to combat child exploitation.
Read More....
Goa’s Ozzo Feni becomes the first feni to get GI tag in India.
Read More....
Shantanu Mitra to step down as CEO & MD of SMFG India Credit by June end.
Read More....
SEBI mandates '@valid' UPI handles for intermediaries to curb fraud.
Read More....
Priyanka Goswami wins gold in 10km race at Austrian Racewalking Championships.
Read More....
Meta to invest $15 billion in Scale AI to pursue superintelligence goals.
Read More....
Indian Army joins multinational military drill 'Khaan Quest 2025' in Mongolia.
Read More....
Katrina Kaif appointed Maldives' global tourism ambassador ahead of PM Modi’s visit.
Read More....
17-year-old Arvid Lindblad gets F1 exemption after Red Bull request.
Read More....

SBI revises India’s GDP for FY 2022- 23