UBS Securities has raised India's GDP forecast for FY2024 to 6.3%,
International
UBS has raised India's GDP growth forecast to 6.3 percent. Also, it has raised India's FY25 GDP growth forecast by 20 basis points to 6.2 percent. UBS's forecast is in line with Fitch Ratings, the World Bank, the Organization for Economic Co-operation and Development (OECD) and ADB and is in line with S&P Global Ratings' 6.2 percent forecast. Meanwhile, when talking about growth projections for the coming years Jain takes a long-term view of India's growth rate. Average of 6.2 per cent and 6.5 per cent in FY26 and FY27. We calculated Asian GDP growth beta in response to a 1 percentage point change in the weighted sum of US and EU real GDP growth. High export-to-GDP economies mostly have high betas, while the betas for India and Indonesia are low, below 0.5. “This reform will help in promoting significant digitalization, reducing financial sector vulnerabilities, and enhancing the integration of global value chains. This is due to the government's reform agenda to help support the integration of India.
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