Second wave: UBS sees only minimal 20-30 bps hit on growth

We are retaining our 11.5 per cent GDP forecast for this fiscal, even though we admit that the pandemic scare has only increased. Though with Maharashtra, which contributes 15 per cent of national GDP, imposing near-lockdown type restrictions from Sunday, the impact on growth should be 20-30 bps only, Gupta-Jain told a media concall.


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