OECD slashes India's economic growth forecast from 7.2% to 5.9%

At 2.9%, global growth to be weakest since 2008 crisis, it says

The Organisation for Economic Co-operation and Development (OECD) appears to be the most pessimistic on India's economy among think tanks, as it cut the GDP growth forecast by 1.3 percentage points to 5.9 per cent for 2019-20. 

For the next year, the OECD has projected the Indian economy to grow 6.3 per cent, bringing down its earlier forecast by 1.1 percentage points. 

The Paris-based policy forum said the trade war between the US and China has sent global growth momentum tumbling toward lows last seen during the financial crisis.  The OECD predicted that the global economy will see its weakest growth since