UBS Securities cuts India’s FY21 real GDP growth forecast to 4%

Financial Express has reported on a UBS Securities research note that expects India to clock a 4.8% growth in FY20. “For the full year, we now expect India’s real GDP growth to slow further to 4% year-on-year in FY21 (previously 5.1%)."

"The challenge for India vs its peers is starker if infections spread rapidly considering the higher density of population per capita and weaker health infrastructure,” UBS’ economist Tanvee Gupta Jain said.