India Drives $297 Billion of Global GDP Growth in FY25 as SBI Adds $44 Billion
SBI Research quantifies the banking sector’s outsized role in India’s FY25 expansion, informing upcoming RBI rate decisions
Overview
- Global output rose by $4,118 billion in FY25, with India contributing $297 billion or 6.7 percent of the increase
- State Bank of India’s asset base accounted for $44 billion of the global GDP gain, representing 1.1 percent
- SBI’s performance made up roughly 16 percent of India’s total GDP addition for the fiscal year
- The bank boosted financial services gross value added by 8.7 percent, with its GVA rising to ₹138,533 crore on a 5 percent year-on-year growth
- Results build on National Statistics Office data showing 6.5 percent annual GDP growth and set the stage for anticipated RBI rate cuts