 "gdp, growth, forecast, profit, economy, manufacturing")
State Bank of India (SBI) economists on Tuesday sharply slashed their FY22 GDP growth estimates to 7.9 per cent — the lowest among all analysts — from the earlier projection of 10.4 per cent.
The economists at the state-run lender seemed to attribute the impact of the second wave of Covid-19 infections as a key factor for the revision in the growth estimate, and pitched for faster vaccination.
“… our analysis shows a disproportionately larger impact on the economy this time and given that rural is not as resilient as urban, the pick-up in pent-up demand is unlikely to make a large
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