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.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

Important takeaways for all competitive exams:

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

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

BFI Chief Ajay Singh Joins Asian Body Board

World Boxing has welcomed Asia as its newest member, marking a pivotal step in ensuring…

32 mins ago

India Launches UG Minor in Quantum Technologies

India’s first Undergraduate (UG) Minor Programme in Quantum Technologies, jointly launched by the All India…

43 mins ago

Top-10 Most Searched Games on Google in 2024, Check the List

In 2024, gaming reached new heights, with millions of people exploring their favorite titles online.…

43 mins ago

Russia Declares Federal Emergency Over Black Sea Oil Spill

In a significant environmental crisis, Russian authorities have declared a federal-level emergency in response to…

50 mins ago

Ocean Anoxic Event 1a (OAE 1a)

The Ocean Anoxic Event 1a (OAE 1a), which occurred around 120 million years ago during…

1 hour ago

Sachin Tendulkar Accepts Prestigious MCC’s Membership

The Melbourne Cricket Club (MCC), a prestigious institution managing the iconic Melbourne Cricket Ground (MCG),…

1 hour ago