According to SBI report, India’s GDP growth to be 8.2-8.5 percent in FY22.

• According to the State Bank of India‘s research paper Ecowrap, India’s Gross Domestic Product (GDP)growth in FY22 is predicted to be in the range of 8.2 to 8.5 percent.

KEY POINTS:

• On May 31, the government will disclose GDP figures for the fourth quarter of FY22.
• According to SBI’s Group Chief Economic Adviser Soumya Kanti Ghosh  that FY22 GDP estimates will be closer to 8.5 percent than Q4 GDP numbers.
• The Central Statistics Office forecast Q4 GDP at Rs 41.04 lakh crore and FY22 real GDP growth at Rs 147.7 lakh crore, an increase of 1.7% over pre-pandemic levels.
• The growth rate of Q4 GDP is pegged at Rs 40 lakh crore by the SBI Nowcasting model, which is lower by Rs 1 lakh crore than the CSO early predictions.