SBI projects GDP growth at 6.3% for FY25, below RBI’s 6.6% estimate

SBI projects India’s FY25 GDP growth at 6.3%, lower than RBI’s revised 6.6% forecast. The first two quarters averaged 6.05% growth. RBI, after initially increasing its projection, lowered it due to balanced economic risks. A CRR reduction will inject ₹1.16 lakh crore into the banking system, potentially improving banks’ net interest margins.