The State Bank of India (SBI) forecasted India's GDP growth at 6.3 pc, lower than the Reserve Bank of India's (RBI) projection of 6.6 pc for FY25 in its latest report. The average growth of the first two-quarters of FY 25 is now at 6.05 pc.
The report forecast comes after the RBI sharply downgraded its real GDP growth projection for FY25 from 7.2 per cent to 6.6 per cent during its latest Monetary Policy Committee (MPC) meeting, citing balanced risks to the economy.
