India’s GDP projected at 8.8% in FY22: SBI Ecowrap report

The State Bank of India (SBI) Research Report, Ecowrap, has revised downwards the gross domestic product (GDP) growth rate of India for FY22 (2021-22) to 8.8 percent. Earlier this was estimated at 9.3 percent. The real GDP will be around Rs 2.35 lakh crore more or 1.6% higher than the FY20 real GDP of Rs 145.69 lakh crore, the report said.

India’s gross domestic product (GDP) is likely to grow at 5.8% in the third quarter of fiscal 2022, according to latest edition of SBI’s research report Ecowrap.