Categories: Economy

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More News on Economy Here

 

Sumit Arora

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.

Recent Posts

Asha Bhosle No More: Iconic Voice of Indian Cinema Leaves Behind Unmatched Musical Heritage

Legendary Iconic and Sound of the Nation Mrs. Asha Bhosle Ji passed away on the…

4 hours ago

Weekly Current Affairs One Liners (06th to 12th of April 2026)

Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…

11 hours ago

Who is known as the Father of Scientific Management?

In today's fast-moving world, we often try to complete work faster and more efficiently. But…

1 day ago

What Is Vantara University? India’s First Global Wildlife Institution Explained

Vantara has announced the launch of Vantara University in the Jamnagar, Gujarat. It will be…

1 day ago

What Is the Telangana–Deakin University AI MoU? Key Details Explained

To strengthen the India's artificial intelligence ecosystem the Deakin University and the Government of Telangana…

1 day ago

CPA Zone VII Conference 2026 Concluded: It Calls for Inclusive Governance and Youth Engagement

The Commonwealth Parliamentary Association (CPA) India Region Zone VII Conference was concluded in the Goa.…

1 day ago