Q2 GDP data to be released today. SBI estimates 10.7% contraction1 min read 27 Nov 2020, 10:59 AM IST
SBI report projects Novembers GST collections at 10-month high of ₹1.08 lakh crore as compared to ₹1.05 lakh crore in October.
The National Statistical Office (NSO) will release GDP statistics for the quarter ending September today. While RBI's 'nowcasting' model expects GDP to contract by 8.6%, SBI has revised its second-quarter (Q2) GDP to -10.7% from -12.5% with a positive bias citing continuous improvement in business activity index. SBI report released on Friday further adds that owing to better business activity numbers 'Q3 numbers could be even better'.