SBI pares FY22 growth to 10.4%, expects 2nd wave to peak in third week of May
The Hindu
State Bank of India has revised downwards its growth projection for 2021-22 to 10.4% real GDP growth and 14.3% nominal GDP growth, from 11% and 15%, respectively, citing the second wave of COVID-19 an
State Bank of India has revised downwards its growth projection for 2021-22 to 10.4% real GDP growth and 14.3% nominal GDP growth, from 11% and 15%, respectively, citing the second wave of COVID-19 and the spate of ongoing partial, local, and weekend lockdowns in almost all States. The country’s largest bank expects the second wave to peak in the third week of May, and pointed out that in the first wave, Uttar Pradesh and Maharashtra had peaked before the national peak during the first wave.
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