New Delhi, Jan 26 (IANS) India continues to remain the bright spot supported by its strong macro fundamentals and the government capex may cross Rs 12 lakh crore in FY27, a year-on-year growth of 10 per cent, an SBI Research report said on Monday.The nominal GDP growth relevant for Budget math is expected at 10.5-11 per cent with the uptrend in global commodity prices may percolate in a higher WPI.A bit slower nominal growth may hurt tax revenues in FY27, requiring better expenditure planning. H…
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New Delhi, Jan 12 (IANS) Deposits and advances in Indian banks almost tripled from FY15 to FY25, signalling deepening of the banking system and renewed credit intermediation, a report said on Monday.The report from SBI Research said that deposits rose from Rs 85.3 lakh crore to Rs 241.5 lakh crore and advances climbed from Rs 67.4 lakh crore to Rs 191.2 lakh crore during FY15–FY25.The bank asset growth rebounded from 77 per cent of GDP to 94 per cent by FY25, reflecting renewed financial deepe…
New Delhi, Jan 5 (IANS) Crude oil prices are projected to soften significantly to touch around $50 per barrel (bbl) by June 2026, positively affecting the CPI inflation, keeping it decisively below 3.4 per cent in the next fiscal (FY27), an SBI Research report said on Monday.Benign energy prices will impact the GDP outlook favourably, and the expected impact on annual GDP growth is around 10-15 bps, according to the report authored by Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Ba…