UBS Projects India’s GDP forecast at 9.1% in FY22

Swiss brokerage UBS Securities has lowered the growth forecast of the Indian economy for the current financial year (FY22) to 9.1 per cent due to a massive surge in Omicron infections. Earlier this was estimated at 9.5 per cent. However, UBS Securities has revised upwards the real GDP forecast of India in FY23 to 8.2 per cent. This was projected at 7.7 per cent earlier.

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