UBS Projects GDP of India at -7.5% in 2020-21

Swiss brokerage main UBS Investment Bank has projected the Indian economic system to contract 7.5 per cent within the present fiscal FY21, ending March 2021. UBS additional expects the economic system to rebound at 11.5 per cent in FY22. For the FY23, GDP progress is predicted to stabilise at 6 per cent.

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