The Organization for Economic Co-operation and Development (OECD) has raised the projection for India’s economic growth rate by 4.7 per centage 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.
In its interim report on economic outlook, OECD said: “Activity moved above pre-pandemic levels in China, India, and Turkey, helped by strong fiscal and quasi-fiscal measures and a recovery in manufacturing and construction.”
It, however, pegged economic growth rate to come down to 5.4 per cent in 2022-23, which would be higher
In its interim report on economic outlook, OECD said: “Activity moved above pre-pandemic levels in China, India, and Turkey, helped by strong fiscal and quasi-fiscal measures and a recovery in manufacturing and construction.”
It, however, pegged economic growth rate to come down to 5.4 per cent in 2022-23, which would be higher