SBI projects GDP growth of 7 pc in FY25, lower than RBIS

The State Bank of India in a report projects that India’s real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI’s forecast of 7.2 per cent.

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The report noted that the slight downgrade by 20 basis points are based on the global headwinds that are beginning to materialize.

“We expect real GDP to grow by 7.0 per cent y/y in FY25. Our estimate is 20bps below RBI’s largely based on global headwinds, which are quickly crystallising” said the report.

Despite the downgrade by the report it noted that the Indian economy continues to exhibit robust growth and is expected to remain one of the fastest-growing economies this year.