OECD Expects Double Digit Expansion In India's Economy

The Organisation for Economic Co-operation and Development (OECD) on Tuesday forecast India's GDP to grow at 12.6% in FY22, the highest among G20 countries. This also marked a sharp turnaround from a 7.4% contraction in previous fiscal. It noted that higher commodity prices will also raise inflation in net commodity importers, such as India and Turkey, relative to commodity exporters.

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