India’s GDP growth in the third quarter of the current fiscal is likely to be in the range of 6.5-7 per cent and may expand further in following three months, said a SBI research report.<\/p>\n
The SBI Ecowrap report, however, added that the “recent developments” in the financial markets could act as a restraining factor on growth front.<\/p>\n
“With the leading indicators also showing positivity, we expect overall GDP growth in Q3 of current fiscal could be in the higher end of 6.5-7 per cent bucket.<\/p>\n
India’s Gross Domestic Product (GDP) grew by 6.3 per cent in July-September quarter of the fiscal, up from 5.7 per cent in the first quarter.<\/p>\n
As per the report, the yearly SBI Composite Index for February 2018 is at 33-month high at 55.0 (moderate growth), compared to 52.1 (moderate growth) in January 2018.<\/p>\n
The report expects that manufacturing Gross Value Added (GVA) would be in the range of 8-10 per cent for the third quarter of 2017-18 if the current trend persists for remaining companies also.<\/p>\n
A synchronised global growth with an uptick in commodity cycle will also help sectors like metals, textiles and even sugar, it added.<\/p>\n
On the downside however, the Ecowrap said, “The recent developments” in financial markets could act as a restraining factor. We expect it to be a passing phase in business cycle.”<\/p>\n
The financial markets have been impacted following a Rs 11,400 crore fraud at the country’s second largest bank PNB.<\/p>\n","protected":false},"excerpt":{"rendered":"
India’s GDP growth in the third quarter of the current fiscal is likely to be in the range of 6.5-7 per cent and may expand further in following three months, said a SBI research report. The SBI Ecowrap report, however, added that the “recent developments” in the financial markets could act as a restraining factor […]<\/p>\n","protected":false},"author":1,"featured_media":22667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-22666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/22666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=22666"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/22666\/revisions"}],"predecessor-version":[{"id":22668,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/22666\/revisions\/22668"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/22667"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=22666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=22666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=22666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}