State Bank of India (SBI) has upgraded Indias real gross domestic product (GDP) growth to 7.5 per cent in FY23 from 7.3 per cent in its recent Ecowrap report. It noted that the economy grew by 8.7 per cent to Rs 147 lakh crore in FY22 and India added Rs 11.8 lakh crore in real terms during the period. Given the high inflation and the subsequent upcoming rate hikes, real GDP will incrementally increase by Rs 11.1 lakh crore in FY23. This still translates into a real GDP growth at 7.5 per cent for FY23. The report noted that nominal GDP for FY22 expanded by Rs 38.6 lakh crore to Rs 237 lakh crore, on-year growth of 19.5 per cent. It further noted that for FY23 also, nominal GDP will grow by 16.1 per cent to Rs 275 lakh crore. Powered by Capital Market – Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.