India’s Growth Resilient Amid Global Uncertainty

Speaking after SBI’s Q2 results, Chairman C.S. Shetty painted a picture of cautious optimism for India’s economy amid a modest global recovery. The IMF projects global GDP growth at 3.2% in 2025, while India is expected to grow 6.8% in FY26 and 6.6% in FY27, supported by strong investments, rural revival, and robust consumption. Shetty highlighted that credit growth in scheduled commercial banks stands at 11.5%, with deposit growth lagging at 9.5%. He expects both to stabilize around 11–12% in FY26. While domestic demand remains solid, Shetty cautioned about risks from volatile commodity markets and global trade spillovers, urging continued policy focus on sustainable growth.