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

Which is the Oldest Bank in the World? When was it Established?

Did you know that banking is much older than modern money and digital transactions? Long…

5 mins ago

Deloitte Opens ConnectSafe Cyber Security Facility in Bengaluru

The Global consulting firm Deloitte has launched a new cyber security facility which is named…

9 mins ago

Trump Announces $300 Billion Refinery Partnership with Reliance Industries

USA President Donald Trump has announced that $300 billion partnership with Reliance Industries Ltd. to…

44 mins ago

Supreme Court Allows Withdrawal of Life Support in Harish Rana Passive Euthanasia Case

The Honorable Supreme Court of India has allowed the withdrawal of life support in the…

1 hour ago

Which Country is the Largest Producer of Tropical Fruits in the World?

Did you know that tropical fruits are among the most colorful, flavorful, and nutritious foods…

2 hours ago

Defunct NASA Satellite Van Allen Probe A Set to Re-Enter Earth’s Atmosphere

The defunct NASA satellite which is called Van Allen Probe A is to expected to…

2 hours ago