SBI Chairman CS Setty: India’s Economy On Track For 6.5% Growth

In an exclusive conversation with Siddharth Zarabi, Editor, Business Today, SBI Chairman CS Setty shared insights on India's GDP growth expectations. Highlighting India’s resilience, Setty emphasized that the nation’s growth must be viewed in a global context, where the IMF projects a global growth rate of 3.2%, while India aims for around 7%. Acknowledging a slowdown in the last two quarters, he downplayed concerns over a single quarter’s decline, asserting that India’s economic potential remains robust. He projected a growth rate of 6.5% for the full year, driven by rural consumption and government expenditure, which he believes signals a strong recovery trajectory.