HSBC Raises India’s GDP Forecast for FY22 to 11.2%

HSBC Raises India’s GDP Forecast for FY22 to 11.2%

• HSBC has raised its growth forecasts for India in the coming fiscal year 2021-22 (FY22), from 9 percent to 11.2 percent, following pick up in business activity and a steady fall in COVID cases.
• The 2020-21 GDP forecast of India by HSBC remains -6.3 percent, as projected earlier.

Source: Business Standard

Points to Remember:

1. What is the estimated GDP of India in FY 22 by HSBC? 11.2%
2. GDP of India in FY21 by HSBC? -6.3%
3. Headquarter of HSBC? London, United Kingdom