SBI has lowered its economic growth forecast..!?
SBI has lowered its economic growth forecast..!?
India's largest bank, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india (SBI), has lowered its economic growth forecast for the current financial year 2024-25 to 6.3%. sbi has now released its new forecast after the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india lowered the country's growth forecast from 7.2% to 6.6% while releasing its bi-monthly monetary policy decisions. SBI's revised forecast shows a change in the growth path of the indian economy, especially due to the recent slowdown in the second quarter of the current financial year. The average GDP growth rate for the first two quarters of the current financial year was recorded at 6.05%. These economic forecasts directly affect the investment market, especially international investors who consider this data important. The main reason for the RBI's GDP cut is that domestic and global economic challenges are increasing. Meanwhile, Reserve bank Governor Shaktikanta Das explained in the monetary policy meeting that weaker-than-expected domestic trade activities and persistent inflationary pressures in india have affected the economic growth forecast.
India's largest bank, bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">state bank of india (SBI), has lowered its economic growth forecast for the current financial year 2024-25 to 6.3%. sbi has now released its new forecast after the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india lowered the country's growth forecast from 7.2% to 6.6% while releasing its bi-monthly monetary policy decisions. SBI's revised forecast shows a change in the growth path of the indian economy, especially due to the recent slowdown in the second quarter of the current financial year. The average GDP growth rate for the first two quarters of the current financial year was recorded at 6.05%. These economic forecasts directly affect the investment market, especially international investors who consider this data important. The main reason for the RBI's GDP cut is that domestic and global economic challenges are increasing. Meanwhile, Reserve bank Governor Shaktikanta Das explained in the monetary policy meeting that weaker-than-expected domestic trade activities and persistent inflationary pressures in india have affected the economic growth forecast.