2 years, 10 months ago
India's GDP likely to grow at 5.8 pc in Oct-Dec: SBI report
The HinduThe country's gross domestic product is likely to grow at 5.8% in the third quarter of fiscal 2022, according to an SBI's research report- Ecowrap. The full year GDP growth is now revised downwards to 8.8% from our earlier estimate of 9.3%," the report said on Friday. The real GDP will be around ₹2.35 lakh crore more / 1.6% higher than the FY20 real GDP of ₹145.69 lakh crore, the report said. The report said this slower growth momentum reconfirms recent assertion that incipient growth recovery needs to be supported by accommodative policy longer than anticipated. This could have a further softening impact on government securities yields from current 6.7 per cent towards around 6.55% or so," the report said.
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