UBS Projects India’s GDP forecast at 9.1% in FY22 and 8.2% in FY23
- Swiss brokerage UBS Securities has lowered the growth forecast of Indian economy for the current financial year (FY22) to 9.1 percent due to massive surge in Omicron infections. Earlier this was estimated at 9.5 percent.
- However, UBS Securities has revised upwards the real GDP forecast of India in FY23 to 8.2 percent. This was projected at 7.7 percent earlier
Summary:
- 2021-22 (FY22) – 9.1%
- 2022-23 (FY23) – 8.2%
-
2023-24 (FY24) – 6.0%
Source : Economic Times
Points to Remember:
- Growth rate of India’s GDP in FY22, FY23, FY24 as per UBS Securities