Categories: Economy

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

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

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.