BofA Securities Projects GDP of India to Contract 6.7% in FY21

The BofA Securities expects the GDP growth of India for the current financial year 2020-21 to contract by 6.7 per cent. Apart from this, BofA Securities has projected the Indian economy to grow at 9 per cent in 2021-22 if the vaccine distribution is done in the first half of the new fiscal year, but it expects GDP growth prospects at just at 6 per cent if the distribution is delayed to the second half of 2021-22 (October-March).

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