ResultsMoneycontrol
India Q2 GDP likely at 7.8% vs RBI 7.2%
Neutral0
GreyOak summary
SBI Research estimates India's Q2 GDP growth at 7.8%, exceeding the RBI's 7.2% projection. This figure matches the previous quarter's pace, driven by stronger cement production and non-oil exports. However, mining output contracted, and real agricultural growth slowed to 2.8%. Nominal GDP is projected to rise to 11-11.5%.
What it affects
- State Bank of IndiaSBINNeutral 0
SBI Research provided the estimate.Rolling sentiment Positive +16
Source
Read the original at MoneycontrolMore State Bank of India news
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