SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%.
The State Bank of India (SBI) has revised its forecast for India’s GDP growth in the financial year 2024-25 (FY25) to 6.3 percent, down from the National Statistical Office’s (NSO) projection of 6.4 percent. The bank attributed the downgrade to multiple economic challenges, including a slowdown in lending and manufacturing,