What is the predicted GDP growth for India in the September 2024 quarter, as per SBI economists?

Correct option is C

The correct answer is (c) 6.5%

Explanation:

SBI economists have predicted that India’s GDP growth in the September 2024 quarter will be 6.5%. This figure reflects the recovery in various sectors such as services, manufacturing, and agriculture, even as global economic conditions remain uncertain. The GDP growth forecast is based on both domestic and international factors, including government policies and global trade conditions.

Information Booster:

• SBI economists have based their projections on data from various sectors, including industry,services, and agriculture.

• India's resilient economic growth is expected to continue, supported by strong domestic demand and infrastructure development.

• Global economic uncertainty and ongoing challenges like inflationary pressures and geopolitical tensions could impact the growth rate.

• The services sector and manufacturing activities are expected to contribute significantly to the forecasted growth.

• Despite a global slowdown, India’s domestic economy remains robust, with growth expected in key areas such as construction,digital services, and consumer goods.