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, 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.

Recent Posts

Asian Games 2026 Day 2: India’s Medal Winners and Tally Tracker

India maintained its momentum at the Asian Games 2026 in Aichi-Nagoya, Japan, on Day 2…

14 hours ago

Savita Punia Becomes India’s Most-Capped Women’s Hockey Player

Goalkeeper Savita Punia of India has broken Vandana Katariya's record to become the most capped…

15 hours ago

Gwalior to Get Asia’s First Telecom Manufacturing Zone

Gwalior is set to emerge as a significant telecom manufacturing center with the upcoming development…

15 hours ago

Amit Shah to Inaugurate National ANTF Conference in Delhi

Minister of Home Affairs and Minister of Cooperation Amit Shah is all set to inaugurate…

16 hours ago

Chandni Chowk Town Hall to Become Global Heritage Centre

Chandni Chowk’s historic Town Hall complex is gearing up for a new beginning as the…

17 hours ago

Smriti Mandhana Becomes Highest Women’s T20I Run-Scorer: Full List

Smriti Mandhana scripted another history in the international cricket again as she became the leading…

17 hours ago