State Bank Of India Research – The Situation Of The Economy Is Improving, Sbi’s Growth Is Expected To Be In Double Digits In April-June! – The country’s largest bank State Bank of India (SBI) in its research report ‘SBI Ecowrap‘ has projected the economic growth of the country to be in double digits in April-June 2021. However, this is much less than the projection of RBI. But in the report, along with the country, the situation of the economy in the world has been predicted to improve. read full news
State Bank Of India Research – The Situation Of The Economy Is Improving, Sbi’s Growth Is Expected To Be In Double Digits In April-June!
SBI has said in its report that the country’s GDP growth rate can be 18.5% in the April-June quarter of the current financial year. However, this is less than the RBI’s economic growth expectations for the same period. RBI estimates a growth of 21.4% for this period.
SBI has also estimated the value addition in the country’s economy in the April-June quarter of the current financial year. Accordingly, the Gross Value Added (GVA) in the economy will be 15% during this period.
According to the SBI report, the corporate recovery is also looking good. If we look at the results of companies, there has been a growth in Corporate GVA in the first quarter of 2021-22. Corporate GVA of 4,069 companies in the country grew by 28.4% in this period. However, this is less than the growth of the January-March quarter of 2020-21.
SBI’s report states that the economic growth of almost all the countries of the world has been in double digits. The average real GDP growth of 17 major economies was 0.1% in January-March, which has been 12.2% in April-June.
In the report, SBI has pointed out one more thing that the world has seen low GDP growth from low mobility and high GDP growth from high mobility. This simply means that as there is relief in the lock down, the movement of people will increase, so will the pace of the economy.