India's GDP Pegged to Grow 8.1% in Q2 & Up to 9.6% in FY22

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India's GDP Pegged to Grow 8.1% in Q2 & Up to 9.6% in FY22

By Malvika Gurung

Investing.com -- Driven by an increase in vaccination drive across the country, businesses gaining momentum, and travel scenarios attaining pre-Covid levels, the country’s GDP is pegged around 8.1% for the September-ending quarter FY22, as per research report drafted by SBI (NS: SBI ).

Additionally, the report has forecasted the GDP for the financial year 2022 to grow from an earlier estimate of 8.5%-9% to 9.3-9.6%. 

The country’s economy grew 20.1% in Q1 FY22, while the central bank, RBI has estimated real GDP growth at 9.5%, with 7.9% in the September quarter, 6.8% in the December quarter, and 6.4% in the final quarter of the financial year.

The GDP growth has been estimated to grow by 8.1% with an upward bias for Q2 FY22. The estimated rise in GDP for the second quarter of the ongoing FY is the highest projected growth across all economies, states SBI’s report.

The report further adds that at an annual rate of 9.3-9.6%, the real GDP growth of the country will now exceed 1.5% to 1.7% the pre-pandemic level, on a YoY basis.

On the contrary, the average GDP growth of 28 selected economies has declined to 4.5% in the third quarter of FY22, against 12.1%, states a syndicated feed. 




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  • RONTGEN Taorem @RONTGEN Taorem
    no use if fii gone don't have any backup just for titat...only for news ...
    Like 0
  • SURESH NAMBIAR @SURESH NAMBIAR
    Expecting some recovery tomorrow...Short covering
    Like 0
  • Pradeep Gupta @Pradeep Gupta
    India🇮🇳 👍👍🙏🙏
    Like 1
  • F.M. Lakhani @F.M. Lakhani
    What a coincidence ! Today market crashed and here report published !
    Like 1
  • Shaileshvborich Borich @Shaileshvborich Borich
    banknifty 38500
    Like 2
    • Abhishek Lavekar @Abhishek Lavekar
      hope so 🙏🙏🙏🙏🙏
      Like 0
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  • Shaileshvborich Borich @Shaileshvborich Borich
    nifty target 18000
    Like 4
  • Shaileshvborich Borich @Shaileshvborich Borich
    good news
    Like 2
    • Chaudhari Rp @Chaudhari Rp
      sentiment is sell on rise...
      Like 0
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