Current Affairs   »   OECD projected India growth forecast to...

OECD projected India growth forecast to 9.4% for FY22

OECD projected India growth forecast to 9.4% for FY22_50.1

Paris-based Organisation for Economic Co-operation and Development (OECD) decreased India’s growth forecast to 9.4% for FY22 from 9.7% estimated in September 2021. It has projected the Indian economy to grow at 8.1% in FY23, and moderate to 5% in FY24. OECD lowered the global growth forecast for 2021 to 5.6% from 5.7% earlier.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

According to OECD, low-skilled domestic migrants and urban workers, who faced the brunt of employment shocks in both waves of the pandemic in India, have yet to see their earnings return to pre-pandemic levels.

Important takeaways for all competitive exams:

  • OECD Secretary-General: Mathias Cormann;
  • OECD Headquarters: Paris, France;
  • OECD Founded: 30 September 1961.OECD projected India growth forecast to 9.4% for FY22_60.1

Find More News on Economy Here

OECD projected India growth forecast to 9.4% for FY22_70.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *