InvestorQ : Is it true that broking houses are already downgrading the growth of India GDP for the next year?
Rashi Mehra made post

Is it true that broking houses are already downgrading the growth of India GDP for the next year?

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sarah Leo answered.
1 year ago
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Yes, there has been a deep downgrade of next year growth by UBS. Even as rating agencies have been talking about 5% growth next year, UBS has cut growth all the way down to 4% for FY21. This will be the lowest full year growth in nearly a decade for India. As per UBS, COVID-19 was likely to linger all through next year and may take a long time for industry to regain momentum. UBS targets 4.8% for the fiscal year 2019-20 but now even that may be tough with shutdowns across India. UBS also expects consumption to take a hit and that is already visible in the empty malls across cities.

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