SBI Research raises India’s FY24 GDP forecast to 7% from 6.7%

News Snapshot:

The State Bank of India (SBI)'s Research 'Ecowrap' has raised India's FY24 gross domestic product ( GDP ) forecast to 7 percent from 6.7 percent earlier. This comes amid higher-than-expected Q2 GDP numbers. "The strong growth numbers for Q2 released today are a harbinger of interesting times ahead and can reinvigorate the interests of global corporations, policymakers, investment gurus, and fund managers across jurisdictions afresh along themes like investments, infrastructure, consumption, and markets by going Overweight," the research said. Also Read: Indian markets now valued more than India GDP for FY24 "Our optimism has been more than vindicated as we...