Strong Q2 GDP effect! SBI, ICRA, Morgan Stanley raise FY24 growth forecast for India
India's GDP grew 7.6% YoY in Q2, higher than the RBI’s forecast of 6.5%
sbi research
December 2023
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June 2023
Q2 GDP to be at 6.9%-7.1%; to push up FY24 growth rate: SBI
Domestically, growth indicators point towards a steady uptick, though concerns about global growth remain, says SBI Research
5.2 cr payrolls created in last 4 yrs; 47% first jobs
Share of women payroll around 27%; more people might be deciding to stick to their current jobs, says SBI Research’s Soumya Kanti Ghosh
RBI’s monetary policy has ‘asymmetric transmission’ in financial markets: SBI
While transmission from a rate change is generally "instantaneous" in money market, it is not so in bank lending and G-sec market
Average income of taxpayers up from ₹4.4 lakh in FY13 to ₹13 lakh in FY22
The average income is expected to touch ₹50 lakh in 2047, says SBI Research
India to be world's 3rd largest economy by FY28: SBI
For Q1 FY2023-24, economists are pegging India’s GDP to surpass 8%, pushing India’s GDP growth beyond 6.5%
PM's U.S., Egypt visits to have ‘cascading impact’ on economic growth: SBI
During the PM's U.S. visit, the U.S. chip manufacturers announced a foreign direct investment worth $825 million in India
Are top banks getting their economics wrong?
A mere statement from the RBI assuring that “robust systems” exist isn’t enough
India sees sharp recovery in rain; June CPI likely to remain low
Monsoon Impact Index of SBI Research, with present value of 64 fares better than 2022, which means lesser impact of spatial distribution of rainfall on economy
₹2000 note withdrawal to boost consumption: SBI
"As per our estimate consumption demand may be frontloaded by Rs 55,000 crore," says SBI chief economic adviser Soumya Kanti Ghosh
