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FY21 GDP to contract at 7.4%, India GDP growth, SBI report on FY21 GDP growth, RBI

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FY21 GDP to contract at 7.4% on better recovery: SBI report
India s GDP growth is expected to be at (-) 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of (-) 10.9 per cent.Â Â The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.
We now expect GDP decline for the full year (FY21) to be in single digits at 7.4 per cent (compared to our earlier prediction of (â) 10.9 per cent), aligned with RBI and markets revised forecasts post Q2, SBI said in its research report - Ecowrap. ....

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SBI revises FY21 GDP growth estimate to -7.4 percent

SBI revises FY21 GDP growth estimate to -7.4%
GDP recovery has been better than expected and hence the FY21 GDP estimate has been revised to -7.4 per cent from earlier -10.9 per cent.
SBI Research on Wednesday said that GDP recovery has been better than expected and based on its report, the FY21 GDP estimate has been revised to -7.4 per cent from earlier -10.9 per cent.
India s largest lender in its latest Ecowrap report said that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.
We now expect GDP decline for the full year (FY21) to be in single digits at 7.4 per cent (compared to our earlier prediction of (-) 10.9 per cent), aligned with RBI and markets revised forecasts post Q2, SBI said in its research report - Ecowrap. ....

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GDP in Financial Year 2021 to Contract at 7.4% on Better Recovery: SBI Report

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GDP in Financial Year 2021 to Contract at 7.4% on Better Recovery: SBI Report
FILE PHOTO: A worker pours molten iron from a ladle to make automobile spare parts inside an iron casting factory in Ahmedabad. REUTERS/Amit Dave
The report said the revised GDP estimates are based on SBI Nowcasting Model with 41 high frequency indicators associated with industry activity, service activity and global economy.
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Mumbai: India s GDP growth is expected to be at (-) 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of (-) 10.9 per cent. ....

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India GDP recovering better than expected; to contract 7.4% in FY21: SBI

India s GDP growth is expected to be at (-) 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of (-) 10.9 per cent.
The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.
We now expect GDP decline for the full year (FY21) to be in single digits at 7.4 per cent (compared to our earlier prediction of () 10.9 per cent), aligned with RBI and markets revised forecasts post Q2, SBI said in its research report - Ecowrap. ....

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SBI revises FY21 GDP growth estimate to -7.4% from -10.9%

SBI revises FY21 GDP growth estimate to -7.4% from -10.9%
SBI Research says there s been a positive momentum of various economic indicators. But despite improvement in growth outlook, decline in government expenditure has been quite significant to Rs 3.62 lakh crore in Q2 from Rs 4.86 lakh crore in Q1
BusinessToday.In | December 16, 2020 | Updated 12:28 IST
It will take almost 7-quarters from Q4 FY21 to reach pre-pandemic level
SBI Research, in its latest Ecowrap report, says GDP recovery has been better than expected and based on it, the FY21 GDP estimate has been revised to -7.4% from earlier -10.9%. SBI s revised GDP estimates are based on Nowcasting Model with 41 high-frequency indicators associated with industry activity, service activity, and global economy showing recovery. ....

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