Dinesh Kumar Khara, the chairman of the State Bank of India, expressed optimism about the country's estimated 7.3% growth for the fiscal year 2023-24. He emphasized the positive economic climate, considering the National Statistical Office's projection, which exceeded previous estimates.
The GDP growth forecast of 7.3% surpassed earlier predictions, including the Reserve Bank of India's upward revision from 6.5% to 7%. Khara refrained from discussing the State Bank of India's business outlook due to the institution's current silent period.
Regarding the upcoming Union Budget, Khara hinted that it might be a vote on account. This suggests that major policy decisions might not be expected in the budget document.
(With Agency Inputs)
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