India GDP growth rate – ‘Largely resilient’: SBI estimates India’s GDP growth rate at 6.3% for FY25

Despite the revision of global growth and the declining geopolitical risk, the Indian economy remained “mainly resistant,” said SBI in its last report. It says that due to the uncertainties of trade revolts and politics, the sharp global revision seems to have little weather effects on domestic growth. The report states that India seems to embrace instability in the recession of the hat, despite the geopolitical risks of commercial rates and other obstacles.

“Assuming the main reviews of Q3’s Q3 calculations in the upcoming data release, we expect that FY25 GDP will be 6.3%,” the SBI said. The report predicts GDP growth for Q4 FY25 by 6.4-6.5%.

FY25 GDP is slightly lower than India’s reserve bank at the April Policy Committee. RBI Governor Sanjay Malhotra said that the Apex Bank expects the growth to be 6.5% FY25. Prior to that, the second preliminary estimates of the National Income also expected that the economy increased by 6.5% in FY25.

The SBI report states that the growth of rural agriculture has shown signs of moderation. It is said that the first stage of the Indian meteorological department is the initial arrival of the south-western Muson and the average forecasts of the rains may promote the prospects for the Kharif Season’s bumper crop. India targets 354.64 million tons of food grain in 2025-26 in July, which begins with better monsoon rains.

The SBI report reports that about 1,200 listed companies reported 6% revenue, and after taxes, EBITDA grows by 10% and 14 percent, respectively.