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SBI Chief Warns: India Needs 8% Growth or Faces Economic Slowdown!

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State Bank of India (SBI) Chairman Dinesh Khara has emphasized that India must achieve an 8% GDP growth rate to ensure sustained economic progress. He highlighted the critical role of core sectors like infrastructure, manufacturing, and energy in driving this growth.

 

Khara urged increased private and public sector investments, stressing that robust capital expenditure is necessary to fuel industrial expansion and job creation. While India's economy has shown resilience, global uncertainties and domestic bottlenecks pose challenges. He also pointed out that banking sector reforms and digital finance will be instrumental in supporting long-term growth.

 

As India aims to become a $5 trillion economy, can it sustain the momentum and meet the ambitious target?

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