Categories: Economy

UBS Projects GDP of India at -7.5% in 2020-21

Swiss brokerage major UBS Investment Bank has projected the Indian economy to contract 7.5 per cent in the current fiscal FY21, ending March 2021. UBS further expects the economy to rebound at 11.5 per cent in FY22. For the FY23, GDP growth is expected to stabilise at 6 per cent.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

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

NITI Aayog & IBM Unveil Roadmap to Make India Top‑3 Quantum Economy by 2047

The world is entering a new technological era — one where quantum computing, quantum communication…

9 mins ago

Weak La Niña Likely to Influence Global Weather in Winter 2025–26: WMO Predicts

The World Meteorological Organization (WMO) has issued its latest ENSO (El Niño–Southern Oscillation) Update, predicting…

9 mins ago

IFFCO-TOKIO Partners with Cooperatives to Expand Micro Insurance Access for Underserved Communities

Marking its 25th anniversary, IFFCO-TOKIO General Insurance Company (GIC) announced a new initiative aimed at…

10 mins ago

Runway’s Gen-4.5 Surpasses OpenAI and Google in Text-to-Video AI Race

New York-based AI company Runway has launched Gen-4.5, its most advanced text-to-video generation model to…

10 mins ago

Keoladeo National Park: Location, Biodiversity, Migratory Birds and Conservation Importance

Following good monsoon rains, migratory birds like storks, pelicans, painted storks, and bar-headed geese have…

42 mins ago

National Forensic Infrastructure Enhancement Scheme (NFIES): Objectives, Components and Latest Updates

With rising crime complexity and new legal mandates requiring forensic evidence, India is strengthening its…

51 mins ago