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India's rising presence in the global economy received a major boost, with a recent SBI Research report revealing that the country contributed 6.7% to the world's incremental GDP in FY25. Notably, the State Bank of India (SBI) alone accounted for 1.1% of the global GDP rise, thanks to its massive asset base and domestic economic influence. The bank added USD 44 billion to the global economy, with its own Gross Value Added (GVA) growing 5% year-on-year. The report underscores SBI's pivotal role in India's financial sector and its expanding impact on global economic dynamics.
India's role as a global economic driver gained further credibility, with a new report by SBI Research revealing that the country contributed INR 297 billion (USD 297 billion) to the total USD 4,118 billion rise in the global GDP in FY25. This positions India as the source of approximately 6.7% of global economic growth during the period. Advertisement
Significantly, the State Bank of India (SBI), the country's largest lender by assets, accounted for USD 44 billion of that contribution. This alone represents nearly 1.1% of the total global GDP increase, a figure typically attributed to the contribution of entire smaller economies.
The report clarified that SBI's massive asset size and financial activities within India played a critical role in this outcome. It added that SBI contributed about 16% to India's total GDP growth for FY25, reinforcing the bank's foundational role in the country's economic structure.
In addition to this, SBI's share in the Gross Value Added (GVA) of India's financial services sector stood at a strong 8.7%. The lender's value addition rose from INR 1,32,157 crore in FY24 to INR 1,38,533 crore in FY25 reflecting a 5% year-on-year increase.
The bank's performance highlights not only its domestic dominance but also its growing relevance on the global financial stage. In terms of comparative impact, the bank's contribution to global GDP growth rivals the output of several smaller countries.
Source ANI
5th Jun, 2025
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