Categories: Economy

SBI’s report ‘Ecowrap’ lowers India’s growth rate to 4.6% for FY 2020

The State Bank of India has released its research report ‘Ecowrap’. In the report ‘Ecowrap’, the economic research department of SBI has lowered India’s growth rate to 4.6% in the fiscal year 2020. The report also stated that agriculture and allied activities are expected to grow at 2.8%, while growth in industry projected to grow at 2.5% in fiscal year 2020. The service sector is also expected to increase to 6.9% in fiscal year 2020.

Important takeaways for all competitive exams:

  • Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded: 1 July 1955.

Find More Economy News

Recent Posts

Which Country has the Cheapest LPG in the World?

Did you know that the price of LPG (Liquefied Petroleum Gas) is not the same…

10 mins ago

India Crosses 2.12 Lakh Recognized Startups Over 1 Lakh Led by Women Directors

India’s startup ecosystem is witness the strong growth. According to recent data released by the…

29 mins ago

India Became The Leader In Coconut Production with Over 30% Share

India has been reinforced its position as the world’s largest coconut producer. This number is…

58 mins ago

Bharat Tribes Fest 2026 To Be Begins in New Delhi on March 18th

Bharat Tribes Fest 2026 will kick off on the March 18 in New Delhi. This…

2 hours ago

Who is known as the Grand Old Man of India?

Did you know that India’s freedom struggle was guided by many wise and experienced leaders…

2 hours ago

Gujarat Receives UCC Draft Report from Justice Ranjana Desai Committee

Gujarat has taken a important step towards to implement the Uniform Civil Code (UCC). The…

2 hours ago