In a research published yesterday, the State Bank of India (SBI) predicted that India’s GDP would increase by 7.4% in the fourth quarter of the fiscal year 2023–24, with potential growth reaching 8% overall. The potential influence of global economic resiliency on India’s growth trajectory is highlighted in a research produced by the Economic Research section of SBI. The research notes that India’s urban and rural sectors are both showing a steady growth trend. Strong results in the areas of passenger car sales, airport traffic, credit card transactions, GST revenues, gasoline consumption, and toll collection all point to an urban economy that is picking up steam. Conversely, diesel consumption and two-wheeler sales are rising, according to rural economic statistics, which also indicate a favorable trend.