The State Bank of India projects 6.5% GDP growth for Q2 FY25, citing rural demand recovery.

The State Bank of India forecasts a GDP growth of approximately 6.5% for Q2 of FY25, driven by a recovery in rural demand, indicating improved income levels. The report warns against short-term fiscal policies like loan waivers, which could create long-term economic issues. Despite mixed data, the Reserve Bank of India maintains a growth forecast of 7.2%, citing strong agriculture and services sectors, and anticipates a boost from the festive season.

November 06, 2024
16 Articles

Further Reading