India’s GDP growth in Q2 likely to slow to 7.5-7.6%: SBI
November 27th, 2018
Ahead of the official release of the second-quarter GDP figures, State Bank of India (SBI) estimated the country’s economy to expand by 7.5-7.6 percent, slower than the prior quarter, mainly on account of a slowdown in rural demand. India’s largest lender also said in its Ecowrap report that the SBI Composite Leading Indicator (CLI), a basket of 21 leading indicators for the quarter in consideration, is showing a marginal declining trend.