SBI expects India growth 7.2% Jan-March FY26, below government's 7.3%
NewsBytes | May 11, 2026 1:39 PM CST
India rural spending leads, credit 16.1%
Rural spending is leading the charge, thanks to solid farm and nonfarm activity.
Urban demand has picked up too, helped by government spending since last festive season.
Credit growth accelerated to 16.1% in FY26 (from 11% in FY25), with most of it happening in the second half.
To keep things moving forward despite global uncertainty, SBI suggests new reforms and even a special "Resurgent Indian Diaspora Bond."
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