Categories: Economy

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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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.

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