SBI research News

This representation is substantially high in limited liability partnership (LLP) and private limited companies and the vectors of increased formalization and momentum in corporate playbook augur well for equitable representation in the offing, according to the SBI’s Economic Research Department report.

According to SBI Research, India has also been talking about free trade agreements (FTAs) with several partners – both bilateral and regional – in a bid to boost export-oriented domestic manufacturing. 

For the current fiscal, while Q1 numbers have been revised downward by 13 bps to 6.5 per cent, Q2 numbers stand revised upward by 22 bps to 5.6 per cent. 

The Consumer Price Index (CPI)-based inflation rate for September reached 5.49 per cent from 3.65 per cent in August, reflecting an uptick primarily due to higher food prices. 

SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates. SBI Research cited a weak manufacturing sector coupled with the steep margin compression for lower forecast. The government will release the official numbers on November 30.

The yearly SBI composite index for February saw a marginally rise to 50.60 (a score of under 50 indicates negative growth).

The Government is likely to make sweeping recast of direct taxes in the ensuing Budget to give a boost to the economy following demonetisation, says a report.

SBI's economic research department on Monday explained the Rs 2.87 trillion surge in bank deposits ahead of demonetisation as seasonal surge and arrears from pay hikes for government employees.

Suggesting that Reserve Bank as an institution will not be impacted by Governor Raghuram Rajan's departure, the economic research wing of SBI has termed all other discussion surrounding his decision as "speculative and nonsense".

India's manufacturing sector growth declined in June both in terms of month-on-month as well as yearly basis amid declining exports and fall in corporate earnings, says an SBI research report.

The Reserve Bank may cut rate by 25 basis point even before its monetary policy review on June 2 as inflation is easing and the US Fed tightening is expected by year end, SBI said in a research note Thursday.

Describing the proposed gold deposit scheme as "game changer", the SBI's economic research department has said it will help attract at least Rs 1 trillion in deposits on the precious metal.

Retail inflation, as measured by consumer price index (CPI), was 8.28 percent in May. Its lowest was 7.65 percent in January, 2012.