SBI Ecowrap Report Projects India GDP to contract 7.4% in FY21

The State Bank of India, in its analysis report ‘Ecowrap’ has revised the GDP development of India at (-) 7.4 % in FY21. Earlier this forecast was (-) 10.9 %. The SBI analysis report has additionally forecast India’s GDP development in FY22 at 11 %. The report additionally believes that it will take seven quarters from the fourth quarter of FY21 for GDP to achieve the pre-pandemic degree in nominal phrases.

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Important takeaways for all aggressive exams:

  • Chairman of State Bank of India: Dinesh Kumar Khara.
  • SBI Founded: 1 July 1955
  • SBI Headquarters: Mumbai, Maharashtra.

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