BofA Securities Projects GDP of India to Contract 6.7% in FY21

The BofA Securities expects the GDP development of India for the present monetary 12 months 2020-21 to contract by 6.7 per cent. Apart from this, BofA Securities has projected the Indian financial system to develop at 9 per cent in 2021-22 if the vaccine distribution is finished within the first half of the brand new fiscal 12 months, nevertheless it expects GDP development prospects at simply at 6 per cent if the distribution is delayed to the second half of 2021-22 (October-March).

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Important takeaways for all aggressive exams:

  • BofA Securities Headquarters: New York, New York, United States.
  • BofA Securities Parent group: Bank of America.
  • BofA Securities Founded: 1 January 2009.
  • BofA Securities  CEO: Brian T Moynihan.

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