Categories: Economy

SBI Ecowrap report projects India’s GDP for FY22 between 9.3%-9.6%

State Bank of India (SBI) economists in its research report “Ecowrap”, has revised upwards the GDP growth projection for India to the range of 9.3%-9.6% for FY22 (2021-22). Earlier this was estimated in the range of 8.5%-9%. The reason for the upward revision is a decline in the number of COVID cases.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The analysis suggested that “India remained unscathed in Q3 from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections during Q3 2021.” As per the report, India has recorded only an 11 per cent increase in Covid-19 cases during Q3 this year the second-lowest among the top 15 most affected countries.

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

From Assam Hills to London: GI-Tagged Karbi Anglong Ginger Makes Global Debut

Assam achieved a major milestone in agricultural exports as GI-tagged Karbi Anglong Ginger was exported…

1 hour ago

Deadly Cassava Virus Threatens Africa’s Food Security: Scientists Warn of Rapid Spread

A deadly plant disease known as Cassava Brown Streak Disease (CBSD) is threatening one of…

1 hour ago

Top 10 Richest People in the World 2026: Elon Musk Dominates With $841 Billion Fortune

The Top 10 richest people in the world in March 2026, according to Forbes. It…

2 hours ago

Wildlife Safeguards Key as NGT Reviews Quarry Plan Near Vallanadu Sanctuary

The National Green Tribunal (NGT) has directed authorities to reconsider a quarry proposal near the…

2 hours ago

Maharashtra Enables Offline e-Crop Registration for Farmers

The Maharashtra state government has introduced a new offline photo upload feature for e-crop registration.…

2 hours ago

Yellowstone’s Rare Echinus Geyser Erupts Again After Six Years

The Echinus Geyser, known as the world’s largest acidic geyser. Which has erupted again after…

3 hours ago