‘Intellectual dishonesty’: SBI hits back at 2.6% GDP growth claim

 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. 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.