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%.

Dharambir won gold and Pranav Soorma secured silver in the men's F51 club throw event at the Paris Paralympics 2024.
Read More....
President Droupadi Murmu felicitated 82 selected teachers with the 'Teachers Awards 2024'.
Read More....
Rajasthan government has approved 33% reservation for women in the police force.
Read More....
India and South Africa have signed an agreement on submarine rescue operations.
Read More....
Aparna Yadav has been appointed as the Vice Chairperson of the Uttar Pradesh Women's Commission.
Read More....
Alembic Pharmaceuticals has received USFDA approval for its generic product.
Read More....
Algeria has officially joined the BRICS New Development Bank (NDB) as its newest member.
Read More....
Film scholar Aruna Vasudev, known as the 'Mother of Asian Cinema,' has passed away at the age of 88.
Read More....
The ADNOC and ExxonMobil partnership will create the world's largest low-carbon hydrogen facility in Texas, producing 1 billion cubic feet of hydrogen per day.
Read More....
Dr. Dasari Radhika received the prestigious 'Gender Diversity' National Award at the Indian Steel Association Steel Conclave 2024.
Read More....

SBI revises India’s GDP for FY 2022- 23