1 week ago
SBI Sees India’s June-Quarter GDP Growth Reaching 8%
State Bank of India thinks India’s economy may grow by 8% in the June quarter.
This is higher than forecasts from the Reserve Bank of India and a CNBC-TV18 poll.
HDFC Bank expects growth of 7.5%, which is slightly lower.
Both estimates suggest the economy is growing strongly.
The economists also expect growth for the full FY27 year to stay above 7%.
How much rain India receives could affect the economy.
Private companies investing money could also influence growth.
SBI believes there may be room to raise its FY27 growth forecast later.
State Bank of India expects India’s GDP to grow 8% in the June quarter.
SBI’s estimate is above the Reserve Bank of India’s forecast and the CNBC-TV18 poll estimate.
HDFC Bank projects more moderate June-quarter growth of 7.5%.
Both economists expect India’s FY27 GDP growth to remain above 7%.
Monsoon trends and private investment are identified as key factors for the rest of the year.
- Who
- State Bank of India, HDFC Bank, the Reserve Bank of India, and CNBC-TV18 are referenced in the forecasts.
- What
- Economists issued differing estimates for India’s June-quarter GDP growth and assessed the outlook for FY27.
- Where
- India.
- When
- The estimates concern the June quarter and the FY27 financial year.
- Why
- Monsoon trends and private investment are expected to influence economic growth during the rest of the year.
Higher Growth Estimate
More Cautious Growth Estimate
June-quarter GDP growth
Higher Growth Estimate
State Bank of India expects GDP growth to reach 8%.
More Cautious Growth Estimate
HDFC Bank expects GDP growth of 7.5%, below SBI’s projection.
Key facts
- SBI June-quarter estimate
- 8% GDP growth
- HDFC Bank June-quarter estimate
- 7.5% GDP growth
- FY27 outlook
- Both economists expect GDP growth to remain above 7%.
- Other referenced estimates
- SBI’s forecast is above the Reserve Bank of India’s forecast and the CNBC-TV18 poll estimate.
- Key growth factors
- Monsoon trends and private investment
- Potential forecast change
- SBI sees scope for an upgrade to its FY27 growth forecast.
Sources
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