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UBS projects India’s GDP growth forecast at 9.5% for FY22

Sumit Arora Published On November 18th, 2021 Leave a comment

The Swiss brokerage firm, UBS Securities has revised India’s real GDP growth projection for 2021-22 to 9.5 per cent from 8.5 per cent estimated earlier. The upward revision has been attributed to faster-than-expected recovery, rising consumer confidence and the resultant spending spike.

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UBS Securities has made the following GDP growth rate projections for India for various years:

For 2021-22 (FY22)= 9.5%
For 2022-23 (FY23)= 7.7%
For 2023-24 (FY24)= 6.0%

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.