GDP likely grew at 18.5% in April-June: SBI report
The Hindu
Bank’s researchers see ‘upward bias’
India’s gross domestic product (GDP) is expected to have grown by about 18.5% with an upward bias in the first quarter, State Bank of India’s researchers wrote in their Ecowrap report. This estimate is lower than the RBI’s GDP growth projection of 21.4% for the April-June quarter. “Based on our ‘Nowcasting’ model, the forecasted GDP growth for Q1... would be around 18.5% (with upward bias),” they wrote.
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