UBS Chief India Economist Tanvee Gupta Jain on India's GDP

The video discusses India's economic recovery post-pandemic, highlighting expected GDP growth and the role of vaccination in boosting economic activity. It addresses labor market challenges, including unemployment and underemployment, particularly in urban areas. The impact of inequality and the need for job quality improvement are also discussed. The video concludes with updates on COVID-19 cases and future growth projections, emphasizing the importance of industrial and construction sectors in absorbing the workforce.

What is the expected GDP growth for India in FY22?

• 7.2%

• 5.8%

• 8.9%

• 6.5%

Which factor is expected to support India's growth recovery starting October 2021?

• Decrease in import tariffs

• Reduction in global oil prices

• High contact services consumption

• Increased agricultural output

What was a significant factor in driving consumption post-2020 pandemic?

• Rural employment schemes

• Government subsidies

• Pent-up demand from high-income households

• Increased foreign investments

What is a major medium-term challenge for India's labor market?

• Lack of foreign investments

• Decreasing agricultural productivity

• Underemployment and job quality

• High inflation rates

Which sectors are suggested to absorb the rising working-age population in India?

• Agriculture and mining

• Retail and hospitality

• Education and healthcare

• Manufacturing and construction

What is the projected GDP growth rate for India in FY23?

• 5.0%

• 6.5%

• 7.0%

• 4.5%

What is the current status of COVID-19 cases in India according to the transcript?

• Cases are fluctuating

• Cases are increasing rapidly

• Cases are decreasing

• Cases have stabilized