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% YoY in FY22.
UBS also estimates India’s GDP to stabilise at 6.2 percent YoY in FY23.