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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Nov 22 2019 | 5:38 PM IST