A recent SBI Research report reveals that India provided $297 billion to the world economy in FY25, accounting for 6.7% of global GDP growth. In this report, SBI allocated $44 billion, or 1.1% of the growth globally. The data showcases SBI’s significant role in contributing to India’s economic growth, and the world’s growth too.
A Bigger Role for India in the Global Economy
According to the report, the global economy increased $4,118 billion in the financial year FY25. India provided about $297 billion or 6.7% of total growth. This is indicative of India’s increasing role in global economic growth as it provided almost 7% of the global increase.
SBI’s Contribution
Throughout the financial year FY25, SBI added $44 billion to the world economy with its large asset portfolio. This indicates that the SBI contributed 1.1% of total GDP growth globally. The report also indicated that SBI contributed somewhat to 16% of India’s total GDP growth, suggesting that SBI’s role is significant.
Growth in Financial Services
The report mentions SBI also contributed to 8.7% of Gross Value Added (GVA) in financial services in India. SBI’s GVA for FY25 was ₹1,38,533 crore, compared to ₹1,32,157 crore in FY24, suggesting a 5% growth in value added in just one year.
Final Verdict
The report shows that India’s economy is growing stronger and has become one of the top contributors to global GDP growth. The performance of SBI, India’s largest public sector bank, reflects how well Indian institutions are supporting this growth.
