India's Q2 GDP likely to grow 8.1%, says SBI research report

FY22 projection raised to 9.3-9.6% range

The country's GDP growth is likely to be around 8.1 per cent in the second quarter of the current fiscal year and in the range of 9.3-9.6 per cent during 2021-22 (FY22), according to an SBI research report.

In the first quarter of FY22, the economy grew 20.1 per cent. For the FY22, the RBI has estimated real GDP growth to be at 9.5 per cent — 7.9 per cent in Q2, 6.8 per cent in Q3, and 6.1 per cent in Q4.

“According to SBI’s Nowcasting Model, the forecasted GDP growth for Q2FY22 would be 8.1 per cent, with an upward