Credit growth 19%, RBI taps big capital flow, monsoon recovery: SBI flags strengths of economy

SBI Research has issued a note on the occasion of the 80th Independence Day of the country and highlighted its economic strengths. The economy search wing of the largest bank in India has listed several factors from scorching pace of credit growth to buoyant Q1FY27 corporate results. Read on for the entire list.

Kolkata: As India celebrated its 80th Independence Day, how does its economy look like? SBI Research, the economy research wing of the State bank of India, has circulated a note that lists the strengths of the economy. According to the biggest bank in the country, there are several and they range from a strong 8% GDP growth in the first quarter of the current financial year to a recovery in monsoons. “Q1GDP growth at 8%, Record Capital inflows under RBI scheme at $57 bn and counting…credit growth at scorching 19%, deposit growth at 15%… FX Reserves at $707 bn… buoyant corporate results, monsoon recovery are all holding up…,”........

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