SBI's GDP Growth Forecast and Concerns over Rural Demand

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Revised GDP growth forecast for the current financial year set at 6.5 percent

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SBI's April 2023 growth estimate stands at 6.4 percent

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SBI raises growth forecast to 6.5 percent following MPC meeting details

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Inflation expected to be 5.1 percent, possibly surpassing RBI's 4 percent target.

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Unemployment rate decreases due to successive rate hikes

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Central bank predicts decreasing inflation influenced by monsoons and El Nino effect

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International financial systems likely to face challenges with slowdown in advanced economies and rising debt

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SBI emphasizes weak demand and tough economic conditions as factors impacting global growth

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The impact of US debt default on the global economy

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