Country’s economy has stayed resilient despite global headwinds. According to an SBI Research report released today, the economy is projected to grow by 6.6 per cent in the fiscal year 2026-27. The report also estimates real GDP growth at nearly 7.2 per cent in the fourth quarter of the last fiscal year.
Despite global headwinds, India has maintained strong growth momentum. High-frequency indicators point to resilient economic activity, although there was a slight slowdown in the fourth quarter.
According to the report, Bank credit growth by scheduled commercial banks accelerated to 16.1 per cent, compared with 11.0 per cent a year earlier. Total incremental credit growth stood at 29.5 lakh crore rupees.
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