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SBI Research raises FY21 GDP estimate to -7.4% from -10.9% earlier

image State Bank of India NSE 0.07 % (SBI) Research has tempered its projection of India’s FY21 growth contraction to 7.4% from -10.9% earlier, on account of its nowcasting model which includes 41 high frequency indicators.

Over half or about 58% of these indicators, such as revenue earning of freight traffic, weekly food arrival and petrol and diesel consumption showed acceleration in the third quarter, the report released on Wednesday said.

The state-run lender’s research wing al ..

Read more at:
https://economictimes.indiatimes.com/news/economy/indicators/sbi-research-raises-fy21-gdp-estimate-to-7-4-from-10-9-earlier/articleshow/79752552.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst........................ET

16-Dec-2020