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Growth forecast of 6.3% for FY25

Kumari Sonali

Growth forecast of 6.3% for FY25:

The State Bank of India (SBI) has revised its GDP growth forecast for the financial year 2024-25 (FY25) to 6.3%, slightly below the National Statistical Office’s (NSO) projection of 6.4%. This adjustment reflects concerns over a slowdown in lending and manufacturing, coupled with a high base effect from the previous year. Despite these challenges, per capita nominal GDP is expected to increase by ₹35,000 compared to FY23, indicating a positive trend in individual economic well-being

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