OECD Expects India's GDP To Recover Next Year

The Organisation for Economic Co-operation and Development (OECD) on Thursday cut India's economic growth forecast for 2019 to 5.8%, but said it would pick up to 6.2% in 2020 and further to 6.4% in 2021. India's economy grew 6.8% in FY19. Economic growth is projected to recover in FY21 as election-related uncertainties fade and monetary and fiscal policies have become accommodative.

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