SBI hits back at 2.6% GDP growth claim, says numbers compared incorrectly

The State Bank of India has challenged assertions of low nominal GDP growth, asserting that the 2.6% figure arose from inconsistent data comparisons. The bank highlights that the official real GDP growth for Q1 FY27 remains robust at 7.8%. It’s common for quarterly GDP figures to be adjusted, and further revisions will continue until the data is finalized.