SBI economists peg India's Q4 GDP growth at 2.7%, FY22 expansion at 8.5%

Upcoming release of official data for economic performance is likely to register a 2.7 percent growth for the January-March period, and the FY22 growth is expected to be 8.5 percent, economists at SBI said on Thursday.

We believe the GDP projection for Q4 FY22 is clouded by significant uncertainties. For example, even a one per cent downward revision in Q1 GDP estimates of FY22 from 20.3 percent, all other things remaining unchanged, could push Q4 GDP growth to 3.8 percent, they noted.