SBI forecasts Q3 FY25 GDP growth rate at 6.2-6.3%, says ‘Indian economy leaning against the winds’

In recent report, the State Bank of India noted that despite global uprisures and trade networks, which are subject to reinterpretation, the Indian economy is based on winds. It predicted GDP growth pace for Q3 FY25 – 6.2-6.3%.

It also expects NSO to review Q1 and Q2 estimates, but assuming that there are no big revisions in the first two quarters, SBI expects FY25’s GDP.

The real GDP growth data will be released on February 28.

“Continuing the momentum, the healthy rural economy further strengthens stability and keeps it in other areas, even as the growth of rural agriculture gains momentum, and Rabi Crop sowed. Capex is improving Capix in Q3 FY25 by a majority of CAPEX of states, as it is lower in FY25, but gains momentum at Q3 FY25.

It is said that the slack of Q3 Cy24 was not only for India. However, India remained one of the fastest growing economies, despite intensifying geopolitical developments, chain disorders and inflationary pressures.

“Leading indicators show a strong top movement in all domains, including consumer economy, investment requirement, industry, and services, a strong signal momentum,” he said.

SBI said that it followed consumer, demand, agriculture, industry, service and other 36 leading indicators of the FY25. Percentage of eye speeds increased to 74% in Q3 FY25, compared to 71% in the previous quarter.