SBI Research Report projects India's economic growth at 6.3 percent, lower than RBI's 6.5 percent. First quarter GDP is estimated around 6.8-7 percent. Growth of 6.3-6.8 percent is expected in 2025-26. Banks' credit growth slowed. SME credit increased. US tariffs may affect export-oriented sectors. Public capital expenditure is a persistent driver. The report highlights concerns about muted private capex.
