Clear pick-up in growth momentum, says OECD

Reflecting improved prospects, India is the only major economy seeing a "clear pick-up in growth momentum", while mixed trends are predicted for developed countries, according to Organisation for Economic Cooperation and Development (OECD).

The Paris-based think tank said growth would continue to lose momentum in Europe. For other major economies, the outlook is for stable growth momentum. India's Composite Leading Indicator rose to 99.6 in October from 99.4 in the previous month.