Actual recovery of GDP growth may start in the next fiscal, says SBI

Gross domestic product (GDP) growth may not see an uptick in the coming quarter. Government sources tell CNBC-TV18 that GDP may come in at below 5 percent in the second quarter. State Bank of India (SBI) expects GDP growth in the second quarter to come in at 4.2 percent. They say the September index of industrial production (IIP) data is quite alarming and have revised the FY20 GDP forecast from 6.1 percent to 5 percent. Soumya Kanti Ghosh, group chief economic advisor at SBI shared his views and outlook.