Categories: Economy

SBI Ecowrap Report Projects India GDP to contract 7.4% in FY21

The State Bank of India, in its research report ‘Ecowrap’ has revised the GDP growth of India at (-) 7.4 percent in FY21. Earlier this forecast was (-) 10.9 percent. The SBI research report has also forecast India’s GDP growth in FY22 at 11 percent. The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.

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Chairman of State Bank of India: Dinesh Kumar Khara.
SBI Founded: 1 July 1955
SBI Headquarters: Mumbai, Maharashtra.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.