SBI cuts FY20 GDP growth forecast to 5%.
Nov. 14, 2019

State Bank of India’s economic research team has sharply cut India’s GDP forecast for FY2020 to 5% from 6.1%, according to the EcoWrap report.

The SBI group has projected the second quarter (July-September) GDP growth at 4.2%. It expects the growth rate to pick up in FY2021 to 6.2%.