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SBI economists peg Q4 GDP growth at 2.7%, FY22 expansion at 8.5%

Official data on the economy is expected to be released on May 31

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The close coordination between the RBI and the government was welcomed by the economists by terming it as the best thing to have emerged during the pandemic

Press Trust of India Mumbai
Upcoming release of official data for economic performance is likely to register a 2.7 per cent growth for the January-March period, and the FY22 growth is expected to be 8.5 per cent, economists at State Bank of India (SBI) said on Thursday.

They were, however, quick to add that it is difficult to comprehend the numbers due to the spate of revisions that they have seen till now and termed this situation as a forecaster’s nightmare.

“We ...believe the GDP projection for Q4 FY22 is clouded by significant uncertainties. For example, even a one per cent downward revision in Q1 GDP estimates

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First Published: May 26 2022 | 11:54 PM IST

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