11-May-2025
Economy News
 
UBS revises FY24 GDP growth forecast up by 70 bps to 6.2 pc
02-Jun-2023

Citing a better-than-estimated global growth outlook, lower global crude oil prices and robust services exports, a foreign brokerage has revised upwards its India growth forecast by 70 bps to 6.2 per cent for the current fiscal.House economists at Swiss brokerage UBS have already revised global growth projections upwards by nearly 50 bps to 2.6 per cent in 2023, led by China’s early reopening, resilience in European data and revision in the US growth numbers.The domestic economy has clipped at 7.2 per cent in FY23, 20 bps higher than what was forecast earlier.

News Source:- https://www.financialexpress.com/economy/ubs-revises-fy24-gdp-growth-forecast-up-by-70-bps-to-6-2-pc/3110792/