SBI downgrades India's GDP growth forecast to 6.3% for FY25 after NSO estimate of 6.4%
Mumbai (Maharashtra) [India], January 8 (ANI): The State Bank of India (SBI) has revised its forecast for India's GDP growth in FY25 to 6.3 per cent, slightly lower than the National Statistical Office's (NSO) estimate of 6.4 per cent.
SBI noted a "downward bias" in its projection, citing several challenges affecting economic growth. It said "GDP growth for FY25 could be around 6.3 per cent, with downward bias".
According