UBS Projects India’s GDP at -10.5% for FY21

The UBS has projected India’s real GDP to contract 10.5% in FY21, in its Global Economics & Markets Outlook 2021-2022 report. For the fiscal 2021-22 (FY22) UBS expect India’s real GDP growth to rebound to +10%  in FY22. UBS also estimates India’s GDP to stabilise at 6.2 per cent YoY in FY23.

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