Indian economy to grow at 7.4% in the next fiscal: OECD

Q.  OECD, a Paris based think tank, has pegged India’s economy growth rate at what percent in the next fiscal?
- Published on 19 Feb 16

a. 7.2%
b. 7.3%
c. 7.4%
d. 7.5%

ANSWER: 7.4%
 
Indian economy is set to grow at 7.4% within the next fiscal. OECD says Indian economy will grow at this robust rate though modest recovery is expected in advanced economies. Organisation for Economic Cooperation and Development has raised the Indian growth forecast as against 7.3% projected in November 2015. India is set to grow by 7.4% in 2016 and 7.3% in 2017 according to the Interim Economic Outlook released by the OECD. It also said that China would continue to rebalance its economy from manufacturing to services and growth is forecast at 6.5% in 2016 and 62% in 2017.

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