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OECD lowered India’s FY22 growth projection to 9.7%

Sumit Arora Published On September 22nd, 2021 Leave a comment

The Organisation for Economic Co-operation and Development (OECD) has marginally lowered India’s growth projection for the ongoing fiscal to 9.7%, a reduction of 20 basis points (bps). For FY23, OECD reduced India’s growth projection by 30 basis points to 7.9%.

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According to OECD data, India is the worst hit among major economies, with its real GDP in the June quarter 15% lower than the pre-pandemic forecast and around 7% lower than the December quarter.

Important takeaways for all competitive exams:

Organisation for Economic Co-operation and Development Headquarters: Paris, France
Organisation for Economic Co-operation and Development Founded: 30 September 1961.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.