SBI lowers GDP Growth to 4.6% in FY20 from 5%

SBI lowers GDP Growth to 4.6% in FY20 from 5%

• The state-run largest lender, State Bank of India (SBI) has lowered its GDP growth forecast of India for FY20 to 4.6 percent from the previous estimate of 5 percent.
• According to the latest SBI Ecowrap report, the growth rate is predicted to remain below 6 percent for the two years in a row.

Points to Remember:

1. India’s GDP for FY20 as per SBI