SBI Capital Markets pegs India's 2023 real GDP growth at 6pc
The Statesman|June 17, 2023
SBI Capital Markets expects India's real GDP growth for the current financial year 202324 to be 6 per cent, and noted that risks are evenly balanced.
SBI Capital Markets pegs India's 2023 real GDP growth at 6pc

Nominal GDP growth, which is the growth unadjusted for inflation, is expected to ease to 10 per cent in 2023-24. In 2022-23, nominal GDP grew 16.1 per cent. Incorporated in 1986 as a wholly owned subsidiary of the State Bank of India, SBICAPS is one of the oldest investment banks in India.

As per the provisional estimates released by the National Statistical Office (NSO) recently, real GDP growth for 2022-23 stood at 7.2 per cent, higher than the 7 per cent projected. An upward revision in the 2022-23 GDP numbers is expected going ahead.

For 2023-24, the central government sees growth at about 6.5 per cent.

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