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India to witness stable growth momentum: OECD

News:

  • India is expected to witness “stable growth momentum” while mixed trends are anticipated in other major developing and developed countries, Paris-based think tank OECD said.
  • Neighbouring China as well as Brazil are projected to see a loss in growth momentum, according to the Organisation for Economic Cooperation and Development (OECD).
  • India surpassed China to become the world’s fastest growing economy with 7.5 per cent growth in the quarter ended March 31.
  • In June, OECD had pegged India’s growth to remain “strong and stable” at 7.3 per cent for this year on the back of revival in investments.

Source: ET

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