India’s gross domestic product (GDP) is projected to increase by around 18.5% in the three months through June, according to the latest research revealed by the State Bank of India (SBI). Growth in the first quarter of the current fiscal year, which starts on April 1 in India, is mainly attributed to a low base performance in the previous quarter due to the coronavirus pandemic. The report also projects that the gross value added (GVA) will be 15% in the indicated period. The analysts noted that the corporate reports posted so far reveal a substantial recovery in corporate GVA, which comprises earnings before interest, taxes, deprecia
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