UBS projects 11.5% GDP growth in 2021-22

by Nidhi Bhati

UBS Securities India expects India’s real GDP growth to rebound to 11.5 per cent year-on-year (y-o-y) in 2021-22. The bounce-back in economic growth will be largely driven by four key factors, consumption, global growth, vaccine and reforms. UBS further stated that as domestic and global financial conditions begin to normalise, growth will moderate to six per cent y-o-y in 2022-23.