The country's GDP may grow at 1.3 per cent in the fourth quarter of 2020-21 and is likely to see a contraction of around 7.3 per cent for the full financial year, according to an SBI research report 'Ecowrap'. The e-National Statistical Office will release the GDP estimates for the March 2021 quarter and provisional annual estimates for the year 2020-21 on May 31. State Bank of India has developed a 'nowcasting model' with 41 high-frequency indicators associated with industry activity, service activity, and global economy in collaboration with State Bank Institute of Leadership, Kolkata.