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Economy survey of India - OECD
December 9 , 2019
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- Organisation for Economic Co-operation and Development (OECD) is the Paris-based inter-governmental economic organisation.
- The 2019 edition of OECD Economic Surveys: India report has projected India's gross domestic product (GDP) to grow at 5.8 percent for the financial year 2019-20.
- For 2020, the survey projects India's GDP growth to be 6.2 percent and 6.4 percent in 2021.
- Report has said that creation of quality jobs, underemployment and income inequality remain challenges in India.
- Higher public spending on health and education and to adhere to the set target on public debt to GDP (gross domestic product).
- The survey recommends the creation of an independent fiscal council to govern the transparency of off-budget transactions and contingent liabilities.
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