The report noted that its analysis results show GDP growth at 6.9 per cent during the quarter, with Gross Value Added (GVA) estimated at 6.5 per cent.
The Indian economy may have registered a strong growth rate of around 6.8 per cent to 7 per cent in the first quarter of the current financial year, significantly higher than the Reserve Bank of India’s estimate of 6.5 per cent, according to a report by the State Bank of India (SBI).
The report noted that its analysis results show GDP growth at 6.9 per cent during the quarter, with Gross Value Added (GVA) estimated at 6.5 per cent. Based on this model, SBI obtained a nowcast of real GDP growth at 6.9 per cent year-on-year for the reference quarter.
