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SBI forecasts 7.8% GDP growth; Moody's raises FY27 outlook
Positive+53
GreyOak summary
SBI Research forecasts India's Q2 GDP growth at 7.8%, exceeding the RBI's 7.2% estimate, driven by robust manufacturing and services. Moody's upgraded its FY27 growth forecast to 7% citing resilient consumption and investment. However, risks include rising inflation, potential monsoon deficits, and tighter monetary policy.
What it affects
- GDP growthPositive +53
SBI forecasts 7.8% Q2 growthRolling sentiment Positive +56
- State Bank of IndiaSBINNeutral 0
SBI Research provided the GDP forecast.Rolling sentiment Positive +16
Source
Read the original at Business TodayMore State Bank of India news
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