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 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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Important takeaways for all competitive exams:

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

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