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

Sumit Arora Last updated on February 23rd, 2021 11:12 am Leave a comment

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

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HSBC CEO: Noel Quinn.
HSBC Headquarters: London, United Kingdom.
HSBC Founder: Thomas Sutherland.
HSBC Founded: 3 March 1865, Hong Kong.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.