UBS Securities projects India’s GDP to contract by 8.6% in FY21; For FY22=+10%

UBS Securities projects India’s GDP to contract by 8.6% in FY21; For FY22=+10%

• UBS Securities has projected India’s GDP  for 2020-21 (FY21) to contact by 8.6%. (Earlier it was -5.8%)
• For FY22, UBS Securities projects India’s GDP to grow by 10%.
• UBS Securities is a Chinese investment bank and brokerage firm headquartered in Beijing, China.

Points to remember:

1. India’s GDP growth projection by UBS Securities for FY21?= -8.6%
2. India’s GDP growth projection by UBS Securities for FY21?= +10%

Source: business standard