{"id":190382,"date":"2024-12-07T11:25:18","date_gmt":"2024-12-07T11:25:18","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/07\/sbi-projects-gdp-growth-at-6-3-for-fy25-below-rbis-6-6-estimate-times-of-india\/"},"modified":"2024-12-07T11:25:18","modified_gmt":"2024-12-07T11:25:18","slug":"sbi-projects-gdp-growth-at-6-3-for-fy25-below-rbis-6-6-estimate-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/07\/sbi-projects-gdp-growth-at-6-3-for-fy25-below-rbis-6-6-estimate-times-of-india\/","title":{"rendered":"SBI projects GDP growth at 6.3% for FY25, below RBI&#8217;s 6.6% estimate &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/thumb\/msid-116068753,imgsize-888733,width-400,resizemode-4\/116068753.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SBI projects GDP growth at 6.3% for FY25, below RBI&#8217;s 6.6% estimate &#8211; Times of India\" title=\"SBI projects GDP growth at 6.3% for FY25, below RBI&#8217;s 6.6% estimate &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: SBI in its latest report has projected India&#8217;s GDP growth at 6.3 per cent for FY25, which is below RBI&#8217;s 6.6 per cent forecast. The first two quarters of FY25 show an average growth of 6.05 per cent.<br \/>&#8220;We believe that GDP growth for FY25 will be lower than the RBI&#8217;s estimate and we are pegging the GDP growth at 6.3 per cent for FY25,&#8217; the report stated.<br \/>The report follows RBI&#8217;s announcement of reduction in real GDP growth projection from 7.2 per cent to 6.6 per cent during its recent MPC meeting, considering balanced economic risks.<br \/>This is the first time in five years when the central bank initially increased its growth estimate from 7.0 per cent to 7.2 per cent, before reducing it. <br \/>Earlier, the RBI adjustments followed consistent downward trend. Historical data shows that growth projections for FY22 and FY23 underwent reductions averaging 90 basis points. <br \/>Additionally, RBI has declared a reduction in cash reserve ratio (CRR ) by 50 basis points in two stages which is expected to provide Rs 1.16 lakh crore to the banking system, potentially addressing liquidity issues in upcoming months.<br \/>Meanwhile, the report mentions that while the <!-- -->CRR reduction<!-- --> may not directly influence deposit or lending rates, banks might see a slight improvement in net interest margins (NIM) by 3-4 bps.<br \/>The report indicates increased prudence in growth predictions considering global and domestic economic factors. While banks may receive modest advantages from the CRR reduction, the decreased GDP forecast emphasises the importance of ongoing economic monitoring.<\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 'paid' : 'free' ;\n                    w._sva.setVisitorTraits({\n                    toi_user_subscription_status : prime_user_status\n                        });\n                }\n         if (w._sva && w._sva.setVisitorTraits) {\n                    setAttributes();\n                } else {\n                    w.addEventListener(\"SurvicateReady\", setAttributes);\n          }\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      var isPrimeUserLayout = window.isPrimeUserLayout;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n          var JarvisUrl=\"https:\/\/jarvis.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n          window.getFromClient(JarvisUrl, function(config){\n            if (config) {\n              const allowedSectionSuricate = (isPrimeUserLayout) ? config?.allowedSurvicatePrimeSections : config?.allowedSurvicateSections\n              loadGtagEvents(config?.isGoogleCampaignActive);\n              loadFBEvents(config?.isFBCampaignActive);\n              loadSurvicateJs(allowedSectionSuricate);\n            }\n          })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/sbi-projects-gdp-growth-at-6-3-for-fy25-below-rbis-6-6-estimate\/articleshow\/116068383.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: SBI in its latest report has projected India&#8217;s GDP growth at 6.3 per cent for FY25, which is below RBI&#8217;s 6.6 per cent forecast. The first two quarters of FY25 show an average growth of 6.05 per cent.&#8220;We believe that GDP growth for FY25 will be lower than the RBI&#8217;s estimate and we [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":190383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-116068753,imgsize-888733,width-400,resizemode-4\/116068753.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[149080,22613,4364,149079,916,569,273,42162,8471,149078,20092,1549,149077,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/190382"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=190382"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/190382\/revisions"}],"predecessor-version":[{"id":190384,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/190382\/revisions\/190384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/190383"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=190382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=190382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=190382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}