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.
Important takeaways for all competitive exams:
- OECD Headquarters: Paris, France.
- OECD Founded: 30 September 1961.
- OECD Secretary-General: Jose Angel Gurria.