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OECD projects India’s GDP for FY23 at 8.1%

The Organization for Economic Cooperation and Development (OECD) has retained the outlook for India’s real gross domestic product (GDP) at 5.5% in FY24, lower than 8.1% in 2022-23.

Sumit Arora March 24th, 2022 Leave a comment

The Organization for Economic Cooperation and Development (OECD) has retained the outlook for India’s real gross domestic product (GDP) at 5.5% in FY24, lower than 8.1% in 2022-23.

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Driven by infrastructure spending and border reopenings, the GDP of emerging Asia – China, India and the 10 members of the Association of Southeast Asian Nations (ASEAN)- is projected to grow 5.8% this year, following a 7.4% expansion in 2021 and a 0.8% contraction in 2020, it said, adding that the Ukraine war adds to inflation and supply chain risks facing an emerging Asia attempting to break out of the Covid-19 slump.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.