Geopolitical tensions in West Asia are feeding into India’s economy through an oil price surge. UBS Securities has cut its GDP growth forecast to 6.2% while revising inflation estimates higher, citing clear supply-side disruptions. Analysts warn demand resilience could still wobble if energy pressures persist, with inflation risks expected to outlast the growth shock.
UBS plans to hire up to 3,000 people in India, including a major new site in Hyderabad expected to add 2,000 to 3,000 roles and double the bank’s local workforce. The shift comes as UBS axes jobs in Switzerland and ramps up its technology and operations footprint, with new investment in areas like AI.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
