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.
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.