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OECD interim ‘Economic Outlook’
March 12 , 2021
1357 days
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- The Organization for Economic Co-operation and Development has raised the projection for India’s economic growth rate by 4.7 percentage points at 12.6 per cent for 2021-22.
- That would enable India to retain its earlier tag of the fastest growing large economy in the world.
- It, however, pegged economic growth rate to come down to 5.4 per cent in 2022-23.
- The Indian economy was officially projected to decline by 8 per cent in the current fiscal year.
- However, OECD believes that contraction would be less steep at 7.4 per cent.
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