India's Q3 GDP likely to be 6.7%, says SBI report
Updated : February 25, 2019 05:18 PM IST
The weak infrastructure activity, based on the previous Index of Industrial Production (IIP), is one of the key reasons for the bank to predict the 6.7 percent GDP growth rate.
"We believe that the GDP deflator which is presently at 4.1 percent, could be revised downwards by at least 50 basis points, thus pushing the GDP close to 7.2 percent in FY19," the bank said in its report.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more