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SBI report pegs GDP at 8.2-8.5%

Early trend of Q4FY22 results for corporates, in the listed space, reported better growth across parameters as compared to Q4FY21 albeit contraction in operating margin due to higher input costs.

SBI report pegs GDP at 8.2-8.5%
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NEW DELHI: The State Bank of India’s (SBI) research report Ecowrap, in its latest edition, projected India’s GDP growth for FY22 to be at 8.2-8.5 per cent. For Q4FY22, the report projected growth at 2.7 per cent.

“We however believe the GDP projection for Q4FY22 is clouded by significant uncertainties. For example, even a 1 per cent downward revision in Q1 GDP estimates of FY22 from 20.3 per cent, all other things remaining unchanged could push Q4 GDP growth to 3.8 per cent,” the report said.

Early trend of Q4FY22 results for corporates, in the listed space, reported better growth across parameters as compared to Q4FY21 albeit contraction in operating margin due to higher input costs.

Sectors such as steel, FMCG, chemicals, IT-software, auto ancillary, and paper reported better growth numbers.

However, automobile, cement, capital goods-electrical equipment, and edible oil reported growth in the top line in Q4FY22, registered negative growth in PAT.

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