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The State Bank of India s (SBI) research Ecowrap believes that the GDP growth for the December quarter of the fiscal year 2024 (Q3FY24) is likely to be 6.8 percent, assuming no changes to the base figures. ....
"There is also an argument that when you are in a lockdown and most people are staying at home, you can debate whether it makes sense to give stimulus at that point of time because people would try to save that money rather than going out and consuming." ....
"The real number to focus on for today would be the GVA number which has come at 3.7% and that would have led to improvement in the FY21 GDP, better than the minus 6.5% that CSO had predicted." ....
The weekend lockdown and harsher restrictions in Maharashtra which will come into effect from Monday will lead to a decline in output by around ₹40,000 crore for the state, shaving off 0.32 per cent f ....