India’s GDP to grow at 18.5% in Q1FY22, claims SBI report
“Based on our (Nowcasting) model the forecasted GDP growth for Q1 FY22 would be around 18.5% (with upward bias). Our estimate is lower than RBI expectation of 21.4%.”
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“Based on our (Nowcasting) model the forecasted GDP growth for Q1 FY22 would be around 18.5% (with upward bias). Our estimate is lower than RBI expectation of 21.4%.”
In June the agency had estimated 9.6% year-on-year (YoY) growth in FY22 adding that it may slip to 9.1%.
The trade deficit widened to USD 12.88 billion in February as compared to USD 10.16 billion in the year-ago period, the ministry said in a statement.
The report showed that Indians routinely shell out more than 70 per cent of health expenses from their own pockets.
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