12 Aug 2021

India: FY 2021-22 GDP growth forecast maintained at 9.2% YoY – Barclays

In the view of the analysts at Barclays, India's GDP growth to reach central bank’s forecasts.

Key quotes

“Momentum in vaccination programme will need to be maintained.”

“Maintain base-case FY 2021-22 GDP growth forecast for India at 9.2% YoY.”

“Tracking Q1 FY2021-22 GDP for India to be around 19% YoY, which would be above current forecast of 14.9%.”

“Expect material acceleration in India’s vaccination rate in next few months, with about 35% of the population fully vaccinated by end-Oct.”