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OECD interim economic outlook pegs India’s GDP growth at 12.6% in FY22

OECD interim economic outlook pegs India's GDP growth at 12.6% in FY22_50.1

Organization for Economic Co-operation and Development (OECD) interim economic outlook has pegged India’s gross domestic product (GDP) growth to rebound to 12.6% in FY22, which will be the fastest in the world, followed by China at 7.8% growth. India’s GDP is expected to grow at 5.4% in the following financial year, owing to the faster rebound of several large emerging-market economies.

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Important takeaways for all competitive exams:

  • OECD Headquarters: Paris, France.
  • OECD Founded: 30 September 1961.
  • OECD Secretary-General: Jose Angel Gurria.

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